India and Canada have reaffirmed their commitment to strengthening bilateral trade and investment ties during the 7th Ministerial Dialogue on Trade and Investment (MDTI) held in New Delhi from November 11 to 14, 2025. The meeting, co-chaired by India’s Commerce and Industry Minister Piyush Goyal and Canada’s Minister of Export Promotion, International Trade and Economic Development, Maninder Sidhu, followed directives from the two nations’ Prime Ministers during their meeting on the sidelines of the G7 Summit in Kananaskis, Canada, and a joint statement by the Foreign Ministers on October 13, 2025, which identified trade as the cornerstone of bilateral economic resilience.
Bilateral trade in goods and services reached US$23.66 billion in 2024, with merchandise trade alone valued at US$8.98 billion, reflecting a significant 10 percent increase over the previous year. The ministers welcomed the steady growth in two-way investment flows, including substantial Canadian institutional investment in India and the expanding presence of Indian firms in Canada, which together support tens of thousands of jobs in both economies. Both sides committed to maintaining an open, transparent, and predictable investment environment while exploring deeper collaboration across priority and emerging sectors.
The ministers recognised strong complementarities between India and Canada in strategic areas, driving sustainable growth and innovation. They agreed to encourage long-term supply chain partnerships in critical minerals and clean energy, essential for energy transition and new-age industrial expansion. Additionally, they pledged to identify and expand investment and trade opportunities in aerospace and dual-use capabilities, building on Canada’s established presence in India and the rapid growth of India’s aviation sector.
Amid global supply chain disruptions, the ministers exchanged views on recent challenges and emphasized the importance of building resilience in critical sectors, particularly agriculture. They underscored the need for diversified and reliable supply chains to ensure long-term economic stability.
Expressing satisfaction with the progress in bilateral economic engagement, the ministers committed to sustaining momentum through continued dialogue and supporting people-to-people ties, which form a strong foundation for the partnership. They agreed to hold further ministerial engagements with the trade and investment community in both countries early next year and to remain in close communication as they consider next steps. The Canadian minister’s visit concluded with both sides describing the discussions in New Delhi as constructive and forward-looking.
