Team Canada Trade Mission to visit India in 2025, CEPA deal eyed by year-end
Synopsis
Key Takeaways
India and Canada on Friday, 29 May 2025 reaffirmed their commitment to deepening bilateral trade and investment ties, with Canadian Minister Maninder Sidhu confirming that a formal 'Team Canada Trade Mission' will visit India later this year. The announcement followed high-level ministerial talks that also saw Commerce Minister Piyush Goyal lead the largest Indian trade delegation ever dispatched anywhere in the world.
Key Developments
Minister Sidhu welcomed Minister Goyal and the record-sized Indian delegation, underscoring opportunities to deepen cooperation across sectors including clean energy, critical minerals, agri-food, advanced manufacturing, digital technologies, and skills development. The 'Team Canada Trade Mission' to India reflects the strong interest of Canadian businesses in expanding their footprint in one of the world's fastest-growing major economies.
Notably, the two sides also launched the Canada-India Trade and Investment Forum, a dedicated platform designed to bring together business leaders from both nations and foster new commercial partnerships.
CEPA Negotiations: A Year-End Target
Both ministers reiterated their commitment to concluding an ambitious and mutually beneficial Comprehensive Economic Partnership Agreement (CEPA) by the end of 2025. According to a Commerce Ministry statement, they underscored CEPA's importance in expanding market access, supporting resilient supply chains, and enabling two-way economic growth. The agreement, if finalised on schedule, would represent one of the most significant trade deals either country has concluded in recent years.
Connectivity and People-to-People Ties
Beyond goods and services, the ministers emphasised enhancing India-Canada connectivity — covering people-to-people ties, business mobility, and direct commercial linkages — as essential enablers of expanded trade. Both governments agreed to encourage long-term, high-quality investment in priority sectors and to support deeper collaboration between businesses, innovators, and institutional partners.
What Comes Next
The ministers committed to maintaining regular dialogue and advancing concrete outcomes in the months ahead. Industry observers will watch closely whether the year-end CEPA deadline holds, given that earlier rounds of India-Canada trade negotiations have historically faced delays. The launch of the Trade and Investment Forum and the planned Trade Mission signal a renewed sense of urgency on both sides to translate diplomatic momentum into measurable commercial outcomes.