India and Canada Convene 7th Ministerial Dialogue to Deepen Trade and Investment Cooperation
India and Canada have reaffirmed their commitment to strengthening economic ties during the 7th Ministerial Dialogue on Trade and Investment (MDTI), held in New Delhi. The meeting was co-chaired by Union Minister of Commerce and Industry, Shri Piyush Goyal, and Maninder Sidhu, Canada’s Minister of Export Promotion, International Trade and Economic Development. This high-level dialogue marks a new chapter in bilateral engagement, following the Joint Statement of October 13, 2025, titled “Renewing Momentum towards a Stronger Partnership”, which emphasized trade as a key pillar of mutual economic growth and resilience. Both Ministers underlined the strong foundation of India–Canada relations, built on shared democratic principles, cultural diversity, and expanding economic complementarities. They acknowledged the critical role of the Indian diaspora in Canada, which includes around 2.9 million people and over 427,000 Indian students, as a living bridge that enhances mutual understanding, innovation, and cooperation. Bilateral trade in goods and services between the two countries reached USD 18.38 billion in 2023, reflecting steady progress despite global challenges. The Ministers appreciated the rise in two-way investments and reiterated their commitment to fostering an open, transparent, and predictable trade environment that encourages sustainable and inclusive economic development. The dialogue addressed a broad spectrum of issues, including nutritional security, supply chain resilience, healthcare collaboration, and investment facilitation. Both sides also discussed ways to improve market access, regulatory harmonization, and long-term trade resilience to ensure that economic ties remain future-ready and mutually beneficial. Concluding the discussions, the Ministers expressed a shared resolve to revitalize and advance the India–Canada economic partnership based on trust, respect, and collaboration. They emphasized the importance of turning the deliberations into concrete outcomes that drive shared prosperity and define the evolving strength of the bilateral relationship. Source: PIB Photo Credit: iStock
