New Delhi, March 2 -- India and Canada have set a target of achieving USD 50 billion in bilateral trade by 2030 as the two countries formally launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in New Delhi on Monday.

According to the Ministry of Commerce & Industry, the Terms of Reference (ToR) for the India-Canada CEPA were signed by Union Commerce and Industry Minister Piyush Goyal and Canada's Minister of International Trade Maninder Sidhu on March 2, 2026, and exchanged in the presence of Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney at Hyderabad House.

During the ceremony, Prime Minister Modi highlighted that the goal for bilateral trade is to reach USD 50 billion by 2030, underli...