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Canada-India Trade Pact May Be Sealed Earlier than Expected: Goyal

  • On Tuesday, India's Minister of Commerce and Industry Piyush Goyal led 150 business leaders to Toronto for a three-day mission, calling it "the largest-ever delegation to leave the shores of India."
  • The mission follows a political reset initiated by Prime Minister Mark Carney and Indian Prime Minister Narendra Modi during their March 2, 2026, meeting in New Delhi, thawing relations after 2023 trade suspensions.
  • Ministers reaffirmed a goal of doubling bilateral trade to $70 billion by 2030, building on a $2.6 billion agreement with Cameco Corp. for uranium supply that Carney secured during his March visit.
  • Canada's Minister of International Trade Maninder Sidhu hosted the delegation and announced plans to lead a Canadian business mission to India in November, signaling continued momentum.
  • Goyal suggests deeper economic ties could lead to closer political cooperation, with experts noting potential for collaboration in defense and research amid efforts to diversify trade against a protectionist United States.
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Hindustan Times broke the news in New Delhi, India on Wednesday, May 27, 2026.
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