'Exploring New Trading Opportunities': Piyush Goyal, Canadian Minister of Trade, Maninder Sidhu, holds reservations

New -delhi, October 11 (PTI), Piyush Goyal, Minister of Trade and Industry, held talks on Saturday with his Canadian counterpart -Maninder Sidhu about ways to strengthen economic ties between the two countries. “We have discussed ways to find mutually beneficial opportunities for our businesses to take advantage of the complementarities our two economies offer. I emphasized that economic, trade and investment ties between India and Canada must be based on the principles of mutual respect, trust and balance,” Goyal said in a position on X. and the industry on the jeopardy of the baptized on the jeopardy of the company to improve on the jeopardy of the jeopardy of jeopardy. Countries. “We together are investigating new trading opportunities in clean technology, AI, agriculture, critical minerals and other key sectors,” he said. Goyal replied to the post: “Had a productive discussion with my Canadian counterpart @midhuliberal”. The discussions are important, as Canada negotiated in 2023 on a free trade agreement with India. The relations in India-Canada hit the then Prime Minister Justin Trudeau’s allegations in 2023 from a potential Indian link to the murder of Hardep Singh Nijjar. India rejected the accusation of Trudeau as ‘absurd’. In March 2022, the two countries officially named negotiations for an interim agreement, officially as early as early as the EPTA). So far, more than half a dozen rounds of talks have been held on the trade treaty. Normally in a trade agreement, two countries significantly reduce customs duties at the maximum number of goods traded between them. It also liberalizes norms for promoting trade in services and attracting investments. India’s exports to Canada rose 9.8 percent to 4.22 billion in 2024-25 from USD 3.84 billion in 2023-24. However, imports fell $ 2.33 percent to 4.44 billion in the last fiscal of USD 4.55 billion in 2023-24. Canadian Foreign Minister Anita Anand begins her visit to New -Delhi on Sunday. The renewed vibrancy in the ties between the two countries followed Prime Minister Narendra Modi’s talks with his Canadian counterpart Mark Carney on the edge of the G7 Summit in Canada’s Kananascis in June.