India-Canada: A New Chapter for Trade and Technology Collaboration

India and Canada are set to resume negotiations for a Free Trade Agreement, aiming to double trade by 2030. This agreement, described by Commerce Minister Piyush Goyal as a strategic partnership, could enhance investments, facilitate business ties, and unlock potential in emerging technologies and critical minerals.

India and Canada are rekindling talks for a comprehensive Free Trade Agreement, with an ambitious goal to surge bilateral trade to USD 50 billion by 2030, according to Commerce and Industry Minister Piyush Goyal.

This move signals renewed trust between the two nations after relations were strained by allegations in 2023. The agreement promises to boost investor confidence and leverage each country's strengths in areas like critical minerals and nuclear energy.

Strategically, the trade pact could pave the way for significant economic collaboration in emerging technologies and diversify supply chains. The dialogue, reinforced by recent talks at global forums, underscores a commitment to proactive and measurable outcomes.

(With inputs from agencies.)