India-Canada to resume free-trade talks after 2-year gap:Decision comes after PM Modi meets his Canadian counterpart during G20 Summit

India and Canada have announced the resumption of trade deal negotiations. After two years of tension, both countries are now ready to discuss a trade agreement. This decision was made during the bilateral meeting between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney at the G20 Summit in Johannesburg. Trade Target of ₹4.45 Lakh Crore by 2030 After the announcement, Commerce and Industry Minister Piyush Goyal said on Monday that the target is to raise trade between the two countries to $50 billion (₹4.45 lakh crore) by 2030. There will be a special focus on critical minerals, critical minerals processing technology, and nuclear energy. Canada is already cooperating on uranium supply. Meanwhile, Canadian Prime Minister Carney wrote on X that the two countries have initiated an agreement that could take trade to more than 70 billion Canadian dollars. Diplomatic Relations Improve After Two Years Trade talks between Canada and India began in March 2022, but relations soured in 2023 when Canada accused India of involvement in the killing of a Sikh separatist—a claim India strongly denied. This led to a suspension of trade negotiations. Relations began to thaw following the meeting between Prime Minister Modi and Canadian Prime Minister Justin Trudeau at the G7 Summit in June 2025. Trade talks have now been officially resumed during the G20 meeting. Canada Seeks to Expand Trade Beyond the US Canada aims to double its non-US exports over the next decade, according to Finance Minister Carney. With India ranked as the world’s fifth-largest economy, Canada views it as a significant growth opportunity. Canada-India trade reached 31 billion Canadian dollars in 2024, but this figure remains modest relative to India’s economic scale.