India expresses readiness for treaty talks with Canada, eyes Rs 4.65 lakh crore trade
India and Canada have initiated discussions to establish a Bilateral Investment Treaty to bolster economic cooperation. Both nations aim to increase their bilateral trade to CAD 70 billion by 2030 and are working toward a Comprehensive Economic Partnership Agreement.
Why it matters
This move signals a significant strengthening of diplomatic and economic ties between India and Canada, potentially unlocking major investment opportunities for institutional investors.
India has offered to begin talks with Canada on a Bilateral Investment Treaty at the earliest, as both countries look to deepen economic ties and increase bilateral trade to CAD 70 billion, or INR 4.65 lakh crore, by 2030.The proposal came during the first Canada-India Finance Ministers' Economic and Financial Dialogue, where Finance Minister Nirmala Sitharaman met her Canadian counterpart Francois-Philippe Champagne.India ready to begin investment treaty talksThe two ministers discussed ways to strengthen trade and investment ties and agreed on several areas of economic cooperation."India expressed its readiness to initiate negotiations on a Bilateral Investment Treaty at the earliest," the joint statement issued after the meeting said.A Bilateral Investment Treaty is an agreement between two countries designed to provide greater protection and certainty to investors from both sides.The meeting followed a commitment made by Canadian Prime Minister Mark Carney and Prime Minister Narendra Modi in New Delhi in March…
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