**Executive Summary**
On May 29, 2026, Minister Sidhu and Minister Goyal issued a joint statement reaffirming a commitment to strengthen bilateral trade and investment ties between Canada and India. The document highlights the launch of the Canada-India Trade and Investment Forum and the shared objective of concluding Comprehensive Economic Partnership Agreement (CEPA) negotiations by the end of 2026. Key upcoming actions include a "Team Canada" trade mission to India scheduled for later this year to deepen commercial partnerships across priority sectors.
**Key Points / Main Content**
**Strategic Sector Cooperation**
* Deepened cooperation is targeted across complementary sectors including clean energy, critical minerals, agri-food, and advanced manufacturing.
* Focus is also placed on digital technologies and skills development to support economic growth.
**Comprehensive Economic Partnership Agreement (CEPA)**
* Both nations are committed to an ambitious, mutually beneficial agreement.
* The target for concluding CEPA negotiations is set for the end of 2026.
* The agreement aims to expand market access, ensure resilient supply chains, and enable two-way economic growth.
**Institutional Frameworks and Connectivity**
* The Canada-India Trade and Investment Forum was launched as a primary platform for business leaders to foster new partnerships.
* Emphasis is placed on enhancing connectivity through improved business mobility, people-to-people ties, and direct commercial linkages.
**Trade Missions and Investment**
* Canada will lead a "Team Canada" Trade Mission to India later in 2026 to expand the presence of Canadian businesses in the Indian market.
* Commitment to encouraging long-term, high-quality investment in priority sectors and supporting collaboration between innovators and institutional partners.
**Impact Analysis**
**Canadian and Indian Governments**
**Impact**
The governments are committed to an accelerated diplomatic and technical timeline to finalize trade agreements and maintain regular dialogue.
**Action Required**
Negotiators must conclude CEPA discussions by the end of 2026 and coordinate the upcoming Team Canada Trade Mission.
**Canadian and Indian Business Leaders**
**Impact**
Businesses gain a formalized platform for engagement and the prospect of reduced trade barriers and expanded market access through CEPA.
**Action Required**
Utilize the newly launched Canada-India Trade and Investment Forum to establish commercial partnerships and participate in the upcoming trade mission.
**Priority Sector Innovators and Institutional Partners**
**Impact**
Stakeholders in sectors like clean energy, critical minerals, and digital tech will receive targeted support for long-term investment and deeper collaboration.
**Action Required**
Identify opportunities for cross-border innovation and leverage direct commercial linkages to scale operations in both markets.
Key Entities Referenced
Comprehensive Economic Partnership Agreement (CEPA): A bilateral trade agreement being negotiated between India and Canada to expand market access, support supply chains, and enable mutual economic growth.
Canada-India Trade and Investment Forum: A newly launched platform designed to bring together business leaders from both countries to foster commercial partnerships and increase business engagement.
Team Canada Trade Mission: A planned delegation led by Canada to India to expand the presence of Canadian businesses in the Indian market and deepen commercial partnerships.
Ministry of Commerce & Industry: The primary Indian government ministry involved in negotiating trade ties and organizing the ministerial engagement for the forum.
Ministry of Commerce & Industry
Canada-India Joint Statement 2026 Trade and
Investment Forum
Posted On: 29 MAY 2026 9:00AM by PIB Delhi
Minister Sidhu and Minister Goyal reaffirmed their shared commitment to strengthening bilateral trade
and investment ties, to deliver tangible outcomes that support economic growth and increased commercial
opportunities for businesses in both countries. Building on the momentum generated through recent
ministerial engagement, Minister Sidhu welcomed Minister Goyal and the largest Indian delegation ever
sent anywhere in the world, and underscored opportunities to deepen cooperation across complementary
sectors such as clean energy, critical minerals, agri-food, advanced manufacturing, digital technologies,
and skills development.
Both Ministers reiterated their commitment to advancing an ambitious and mutually beneficial
Comprehensive Economic Partnership Agreement (CEPA) and affirmed their shared objective of
concluding negotiations by the end of this year. They underscored CEPA’s importance in expanding
market access, supporting resilient supply chains, and enabling two-way economic growth.
The Ministers launched the Canada-India Trade and Investment Forum as a key platform that brings
together Canadian and Indian business leaders and fosters new commercial partnerships and increased
business engagement.
The Ministers also emphasized the importance of enhancing connectivity between India and Canada —
including people-to-people ties, business mobility, and direct commercial linkages — as essential enablers
of expanded trade and investment.
Minister Sidhu confirmed that Canada will lead a Team Canada Trade Mission to India later this year,
reflecting the strong interest of Canadian businesses in expanding their presence in the Indian market and
the shared ambition to deepen commercial partnerships.
Canada and India agreed to continue encouraging long-term, high-quality investment in priority sectors
and to support deeper collaboration between businesses, innovators, and institutional partners in both
countries. The Ministers committed to maintaining regular dialogue and advancing concrete outcomes in
the months ahead.
***
Abhishek Dayal
(Release ID: 2266457) Visitor Counter : 2635
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