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Canada targets $70 billion trade with India

2 sourcesUpdated 1 Oct 2026, 11:01 pm Coverage regionsIndia
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Canada and India aim to increase bilateral trade from roughly $30 billion to $70 billion within five years.

The announcement came on the sidelines of the G20 Trade Ministers Meeting in Milwaukee.

The fifth round of trade negotiations is scheduled to begin in Ottawa on Monday.

Energy, critical minerals, and aerospace were highlighted as key sectors for cooperation.

More context

The minister also pointed to existing investments and ongoing discussions between the two countries.

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What coverage agrees on

Reporting broadly agrees that Canada and India are pursuing higher bilateral trade and that negotiations are continuing on the stated timetable.

What is changing or disputed

What remains uncertain is whether the talks will deliver the $70 billion goal within five years, since only the stated plans and schedule are confirmed.

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Supportive1

A Canadian trade minister said Canada and India want to lift bilateral trade from roughly $30 billion to $70 billion within five years. He said the fifth round of negotiations will begin in Ottawa on Monday and identified energy, critical minerals, and aerospace as key sectors. The account presents the plan as a forward-looking trade push alongside existing investments and ongoing discussions.

Distinctive emphasis — reported claim, not independently verified.Sources: India Tribune - Chicago
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India Tribune - Chicago Supportive framing Reported

Canada eyes $70 bn trade with India

Quick source take

Canadian International Trade Minister Maninder Sidhu announced that Canada and India aim to increase bilateral trade from roughly thirty billion dollars to seventy billion dollars within five years. Speaking on the sidelines of the G20 Trade Ministers Meeting in Milwaukee, Sidhu reported that the fifth round of trade negotiations is scheduled to begin in Ottawa on Monday. He highlighted energy, critical minerals, and aerospace as key sectors for cooperation, while noting existing investments and ongoing discussions between the two nations.