India and Canada have begun the fifth round of CEPA negotiations, with both countries seeking to conclude a comprehensive trade agreement by the end of 2026. The latest talks are being held in Ottawa from October 5 to 9.

The negotiations follow a meeting between India’s Commerce and Industry Minister Piyush Goyal and Canadian International Trade Minister Maninder Sidhu at the G20 Trade Ministers’ Meeting in Milwaukee.

Both sides are working to resolve outstanding issues and build stronger economic ties. Energy, critical minerals, aerospace and artificial intelligence have been identified as key areas for future cooperation.

Four rounds of negotiations have already been completed, with the latest round concluding in New Delhi on September 18. Canada has set an ambitious target of increasing bilateral trade to $70 billion annually by 2030.

Two-way trade in goods and services between India and Canada reached $30.4 billion in 2025, according to Canadian government data. Merchandise trade stood at $13.6 billion, while services accounted for a significant share of the overall relationship.

Canada’s exports to India include vegetables, mineral fuels, oils and wood pulp. India’s major exports to Canada include precious stones and metals, machinery and pharmaceuticals.

The fifth round will also be followed by a Canadian trade mission to India from October 12 to 17. Nearly 300 Canadian business delegates are expected to participate.

The India-Canada CEPA talks are gaining importance as Canada seeks to diversify its trade beyond the United States. For India, the agreement could strengthen access to Canadian energy, critical minerals, technology and investment while expanding opportunities for Indian exporters.

Both countries are now aiming to maintain momentum and reach a mutually beneficial agreement before the end of 2026.