1 hr ago
Canada’s Sidhu to Lead 300-Member Trade Mission to India
Canada’s trade minister, Maninder Sidhu, plans to travel to India with nearly 300 Canadian business delegates.
The group will look for ways to do business with Indian companies.
They will explore areas such as energy, farming, technology and critical minerals.
Canada and India are also negotiating a trade agreement called the CEPA.
The next round of talks is scheduled to start in Ottawa on October 5.
Sidhu and India’s commerce minister, Piyush Goyal, say they want to make progress and reach an agreement by the end of the year.
The reports do not give the same trade goal for 2030: one says USD 70 billion and another says USD 50 billion.
Sidhu also described a CAD 70 billion goal for two-way trade.
Canadian Trade Minister Maninder Sidhu said he will lead nearly 300 business delegates to India later this month.
The delegation will explore opportunities in sectors including critical minerals, energy, agriculture and technology.
The next round of India-Canada Comprehensive Economic Partnership Agreement negotiations is scheduled to begin in Ottawa on October 5.
Sidhu and Indian Commerce Minister Piyush Goyal said they want to advance talks and work toward concluding the agreement by year-end.
The reports give differing trade targets: one cites USD 70 billion by 2030, while another says the CEPA aims for USD 50 billion; Sidhu also cited a CAD 70 billion goal.
- Who
- Canadian Trade Minister Maninder Sidhu and nearly 300 Canadian business delegates; Indian Commerce Minister Piyush Goyal is involved in the negotiations.
- What
- Sidhu is leading a trade mission to India as Canada and India continue negotiations on a Comprehensive Economic Partnership Agreement.
- Where
- The trade mission is to India; the next negotiation round is scheduled in Ottawa. Sidhu and Goyal met in Milwaukee.
- When
- The mission is planned for later in the month; the next negotiation round is scheduled to begin October 5, and the ministers aim to conclude talks by year-end.
- Why
- To explore business opportunities in India and advance a trade agreement intended to expand trade and investment between the countries.
USD 70 Billion Target
USD 50 Billion Target
Bilateral trade goal by 2030
USD 70 Billion Target
One report says India and Canada aim to expand bilateral trade to USD 70 billion by 2030; Sidhu also cited a CAD 70 billion shared goal.
USD 50 Billion Target
The report describing the CEPA launch says the agreement aims to take bilateral trade to USD 50 billion by 2030.
Key facts
- Delegation
- Close to 300 Canadian business delegates
- Mission timing
- Later this month
- Next negotiation round
- Scheduled to start October 5 in Ottawa
- Negotiation target
- The ministers said they are working toward concluding the agreement by year-end
- Current two-way trade
- Sidhu cited more than CAD 30 billion
- Reported 2030 trade goals
- The reports cite USD 70 billion and USD 50 billion; Sidhu separately cited a CAD 70 billion goal
- Sectors mentioned
- Critical minerals, energy, agriculture and technology
Quotes
Maninder Sidhu
Canada’s Trade Minister
“That’s why this month I am leading a Team Canada Trade Mission to India, bringing close to 300 Canadian delegates from businesses across key sectors to make connections, find new customers and pursue opportunities in one of the world’s fastest-growing markets.”
theprint.in
firstpost.com
“After wrapping up the fourth round of negotiations in Mumbai, I met again with Minister Piyush Goyal at the G20 ahead of the next round beginning October 5 to advance negotiations to conclude towards a deal before the end of this year”
firstpost.com
Sources
Related news
India-Canada CEPA Talks Accelerate Ahead of Modi’s Possible December Visit
India and Canada Push to Conclude Trade Pact
India, Canada Begin Fourth Round of Proposed Trade Pact Talks
Canada and India Advance Fourth Round of CEPA Trade Talks
Canada and India Target $70 Billion Trade in Five Years
Modi’s Expected Canada Visit Tied to Accelerating India Trade Deal
Editorial Says Rahul Gandhi’s TCS Allegations Risk Undermining Credibility
Modi Pays Tribute to Gandhi and Shastri on Birth Anniversary
Biplab Deb Meets Modi After BJP Outreach in Madhya Pradesh
Bandi Sanjay Says Gandhi’s Ideals Remain Relevant Today
