India Expresses Readiness to Initiate Negotiations on Investment Treaty with Canada
The ministers also backed wider UPI partnerships and regular talks, while seeking to deepen investment and financial-sector cooperation.
- Finance Ministers Nirmala Sitharaman and Francois-Philippe Champagne concluded the inaugural Canada-India Finance Ministers' Economic and Financial Dialogue on August 28, targeting CAD 70 billion in bilateral trade by 2030.
- Building on a March 2026 commitment by Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney, India expressed readiness to initiate negotiations on a Bilateral Investment Treaty at the earliest.
- Merchandise trade between the two nations reached USD 8 billion in 2025-26, with India's exports at USD 4.67 billion; ministers noted the "substantial presence of Canadian pension funds and other institutional investors in India."
- Discussions focused on providing "stability and certainty to taxpayers in respect of their investments" while exploring UPI partnerships and "faster, more efficient and cost-effective payments" for small and medium-sized enterprises.
- The next Canada-India Economic and Financial Dialogue is scheduled for 2027, as officials reaffirmed their commitment to regular meetings and advancing "concrete cooperation and tangible outcomes" in areas of mutual interest.
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India, Canada Ready to Negotiate Investment Treaty, Target ₹4.65 Lakh Cr Trade by 2030
The ministers reaffirmed their commitment to strengthening bilateral economic and financial ties through regular dialogue and advancing \"concrete cooperation and tangible outcomes\" in areas of mutual interest
India To Initiate Negotiations on Bilateral Investment Treaty with Canada; Aims for Rs 4.65 Lakh Cr Trade by 2030
The two sides also welcomed the growing investment relationship between India and Canada and recognised the role of long-term institutional capital in strengthening bilateral economic ties.
India Expresses Readiness to Initiate Negotiations on Bilateral Investment Treaty with Canada; Aim Rs 4.65 Lakh Crore Trade by 2030
Get latest articles and stories on World at LatestLY. According to the joint statement, following the Inaugural Canada-India Finance Ministers' Economic and Financial Dialogue, the dialogue focused on strengthening economic and financial cooperation between the two countries, including enhanced trade and investment. World News | India Expresses Readiness to Initiate Negotiations on Bilateral Investment Treaty with Canada; Aim Rs 4.65 Lakh Crore …
India expresses readiness to initiate negotiations on Bilateral Investment Treaty with Canada; aim Rs 4.65 lakh crore trade by 2030 - The Tribune
According to the joint statement, following the Inaugural Canada-India Finance Ministers' Economic and Financial Dialogue, the dialogue focused on strengthening economic and financial cooperation between the two countries, including enhanced trade and investment.
India, Canada set $70 billion trade target, widen economic partnership
India and Canada aim to deepen economic ties, expanding beyond goods and services. They plan to scale up bilateral trade to seventy billion dollars annually by 2030. Discussions focused on investment, financial sector cooperation, and critical minerals. Canadian investors were urged to leverage India's growing economy and talent. Both nations seek to build more resilient and inclusive economies together.
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