FIEO Welcomes Commerce Minister Piyush Goyal’s visit to Canada; Sees Positive Momentum for India-Canada CEPA Talks

The visit assumes significant importance at a time when India and Canada are actively working towards reviving negotiations on the proposed Comprehensive Economic Partnership Agreement (CEPA), with an ambitious target to enhance bilateral trade to USD 50 billion by 2030.      Commenting on the development, FIEO President, Mr S C Ralhan said that FIEO strongly welcomes the visit of Hon’ble Commerce & Industry Minister, Mr Piyush Goyal to Canada. The visit reflects the commitment of both nations to rebuild economic engagement and accelerate discussions on the proposed CEPA. India and Canada share strong complementarities in sectors such as agriculture, clean energy, critical minerals, food processing, education, and advanced manufacturing, which can significantly enhance bilateral trade and investments.     Mr Ralhan further added that the proposed trade agreement will open new opportunities for Indian exporters, particularly MSMEs, by improving market access, facilitating smoother trade procedures, and encouraging greater collaboration in technology and innovation-driven sectors. Amid evolving global trade dynamics and supply chain realignments, stronger India-Canada trade relations can contribute positively to economic resilience and growth for both countries.      FIEO noted that the renewed engagement between India and Canada comes at a crucial juncture when global markets are witnessing uncertainties arising from geopolitical conflicts, tariff-related disruptions, and changing international trade alignments. Enhanced bilateral cooperation is expected to support diversification of trade partnerships and strengthen supply chain security.      The apex exporters’ body also highlighted the increasing momentum in ministerial exchanges and trade missions between the two countries, including the recent engagements between Indian and Canadian trade officials. FIEO believes that continued dialogue and industry-level cooperation will play a key role in restoring confidence and expanding bilateral commercial ties. The Federation expressed confidence that the Minister’s visit will provide fresh impetus to CEPA negotiations and pave the way for deeper economic integration between India and Canada.