India–Canada Hold 7th Ministerial Dialogue to Strengthen Trade and Investment

Renewed Efforts to Boost Bilateral Trade

India and Canada held the 7th Ministerial Dialogue on Trade and Investment (MDTI) in New Delhi today. Union Minister of Commerce and Industry Piyush Goyal and Canada’s Minister of Export Promotion, International Trade and Economic Development Maninder Sidhu co-chaired the discussion. The meeting focused on strengthening bilateral trade relations and setting a forward-looking cooperation agenda. It also aligned with the Joint Statement, “Renewing Momentum towards a Stronger Partnership” released on October 13, 2025.

Commitment to Economic Growth

Both Ministers reaffirmed the strong relationship between the two countries, rooted in democratic values and cultural diversity. They acknowledged the vital role of the Indian diaspora of 2.9 million people and more than 427,000 Indian students in Canada, who significantly contribute to economic and social development and strengthen bilateral ties.

Bilateral trade in goods and services reached USD 18.38 billion in 2023. The Ministers welcomed the rise in two-way investments and reiterated their commitment to building an open, transparent and predictable business environment that supports sustainable and inclusive growth.

Key Focus Areas

The dialogue covered several priority sectors and economic collaboration opportunities. Talks included:

• Nutritional security

• Supply chain resilience

• Cooperation in the health sector

• Investment facilitation

• Market access and regulatory alignment

They also reviewed recent trade policy developments and exchanged views to support long-term economic resilience.

Shared Vision for the Future

In conclusion, both sides agreed to convert discussions into tangible outcomes that strengthen cooperation and drive shared prosperity. They reaffirmed their commitment to a revitalized India–Canada economic partnership based on mutual trust, respect and collaboration.