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India-Canada Ministerial Dialogue on Trade and Investment concludes

Published: Nov 15, 2025

By TIOLCorplaws News Service

NEW DELHI, NOV 15, 2025: AT the invitation of India's Minister for Commerce and Industry Piyush Goyal, the Maninder Sidhu, Canada's Minister of Export Promotion, International Trade and Economic Development, undertook an official visit to India from 11 to 14 November 2025. 

Pursuant to the direction provided by the Prime Ministers of the two countries during their bilateral meeting on the sidelines of the G7 meeting in Kananaskis, Canada, as well as the Foreign Ministers Joint Statement: "Renewing momentum towards a stronger partnership" of 13th October 2025 which identified trade as the cornerstone of bilateral economic growth and resilience, the two Trade Ministers held the 7th edition of the Ministerial Dialogue on Trade and Investment (MDTI).

The Ministers reaffirmed the strength and continuity of the India–Canada economic partnership and reiterated their commitment to deepening bilateral cooperation through sustained dialogue, mutual respect, and forward-looking initiatives.

The Ministers noted robust growth in bilateral trade in goods and services which reached USD23.66 billion in 2024, with merchandise trade valued at nearly USD8.98 billion, a substantial 10% increase over the previous year. The Ministers reaffirmed the strength and resilience of the India–Canada economic partnership and emphasized the importance of continued engagement with the private sector to unlock new opportunities for trade and investment. They welcomed the steady expansion of two-way investment flows, including notable Canadian institutional investment in India and the growing presence of Indian firms in Canada, which together support tens of thousands of jobs in both economies. The Ministers committed to maintaining an open, transparent, and predictable investment environment and to exploring avenues for deeper collaboration across priority and emerging sectors.

The Ministers also noted strong complementarities between India and Canada across strategic sectors driving sustainable growth and innovation and offering new opportunities for trade. Recognizing that these areas would require separate domain-level engagement between relevant stakeholders on both sides, the Ministers: 

- Agreed to encourage long-term supply chain partnerships in critical minerals and clean energy collaboration essential for energy transition, and new-age industrial expansion.

- Agreed to identify and expand investment and trading opportunities in aerospace and dual-use capabilities partnerships, leveraging Canada's established presence in India and the growth of India's aviation sector.

Recognizing the importance of supply chain resilience the Ministers exchanged views on global developments and reflected on lessons from recent disruptions. They underscored the relevance of strengthening resilience in critical sectors, including agriculture, and highlighted the need for diversified and reliable supply chains as essential for supporting long-term economic stability.

The Ministers expressed satisfaction with the progress made in strengthening bilateral economic engagement and reaffirmed their shared commitment to elevate the economic partnership to reflect global developments and evolving supply chain and trade dynamics. They emphasized the importance of maintaining momentum in the bilateral dialogue and supporting people-to-people ties, which provide a strong foundation for the partnership. 

The Ministers agreed to sustained ministerial engagements with the trade and investment community in both Canada and India early next year. 

They agreed to remain in close communication as they consider next steps and concluded by acknowledging the constructive and forward-looking discussions held in New Delhi.

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