In a significant development for bilateral trade, India and Canada have mutually agreed to resume negotiations for a comprehensive Free Trade Agreement (FTA). The announcement was made by India's Minister of Commerce and Industry, Piyush Goyal, signaling a new chapter in the economic partnership between the two nations.
A Demonstration of Trust and Strategic Partnership
Minister Piyush Goyal revealed the decision during an event on Monday, November 24, 2025. He emphasized that an FTA, or a Comprehensive Economic Partnership Agreement (CEPA), extends beyond mere commerce. Goyal stated that such an agreement contains numerous strategic elements and serves as a clear demonstration of the trust shared between India and Canada. This move is seen as a crucial step towards deepening economic integration and fostering stronger ties.
Renewed Momentum for Bilateral Trade
The resumption of FTA talks comes after a period of assessment and consultation from both sides. A successful agreement is expected to significantly boost trade and investment flows. It would provide Indian businesses with greater access to the Canadian market and vice-versa, covering a wide array of sectors including goods, services, and investments. The negotiations will aim to create a balanced and mutually beneficial pact that addresses the core interests of both economies.
What This Means for the Future
The decision to re-engage in FTA discussions marks a positive shift in the India-Canada economic dialogue. It underscores a shared commitment to overcoming past hurdles and building a robust framework for future cooperation. The event where this announcement was made took place on Monday, November 24, 2025. As the talks progress, stakeholders from industry and commerce in both countries will be closely watching for outcomes that could redefine their trade landscape and unlock new opportunities for growth and collaboration.
