Blitz Bureau
NEW DELHI: BILATERAL trade between India and Canada witnessed a growth of 10 per cent in 2024 as compared to the previous year. In 2024, trade in goods and services reached $23 billion, while merchandise trade alone stood at nearly $8 billion, marking a significant 10 per cent increase over the previous year.
Commerce and Industry Minister Piyush Goyal and Maninder Sidhu, Canada’s Minister of International Trade, discussed ways to further boost bilateral trade and promote investments. “It was a pleasure to co-chair the 7th India-Canada Ministerial Dialogue on Trade and Investment as part of the New Roadmap 2025 along with @MSidhuLiberal, Canada’s Minister of International Trade,” Goyal posted on the X.
The minister further stated that they discussed “avenues to strengthen bilateral trade, promote investments and deepen cooperation between our countries”. “This visit to India will reinforce Canada’s commitment to diversifying our trade relationships and attracting new investment,” an official statement quoting Sidhu said. “As one of the fastest-growing major economies, India offers significant opportunities for Canadian businesses and workers. Our commercial ties continue to expand — bilateral trade surpassed $30 billion in 2024 — and there is even greater potential ahead,” the statement added. Meanwhile, External Affairs Minister (EAM) S. Jaishankar and his Canadian counterpart, Anita Anand, held discussions on strengthening cooperation across key sectors, including trade, energy and security. Both leaders met on the sidelines of the G7 Foreign Ministers’ Meeting in Niagara.
