Minister of Trade and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal along with Hon’ble Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Government of Canada, will co-chair today’s discussions of the Sixth India-Canada Ministerial Dialogue on Trade and Investment (MDTI) in Ottawa.
The MDTI is a bilateral mechanism that provides an institutional mechanism for discussing a wide range of issues related to trade and investment and areas of cooperation. The dialogue will focus on various topics including strengthening India-Canada bilateral trade relations, promoting investment and cooperation, green transformation including discussion on critical minerals and new areas of cooperation such as promoting B2B engagements.
Ministers will also review the India-Canada CEPA (Comprehensive Economic Partnership Agreement). At the last MDTI meeting in March 2022, the two ministers started negotiations on CEPA with the possibility of concluding an interim agreement or EPTA (Early Progress Trade Agreement). Since then, seven rounds of negotiations have taken place.
The Minister will also visit Toronto from May 9-10, 2023, where he will have various engagements to promote trade and investment. These engagements will include meetings with CEOs of key Canadian companies, a roundtable of Indian and Canadian CEOs, interaction with Canadian and Indian companies based in Canada and a financial sector roundtable, etc. The Minister would be accompanied by a delegation of Indian CEOs led by FICCI.
The Minister will inaugurate the Indian Pavilion at SIAL CANADA-2023, which is the largest food innovation exhibition in North America with participation of more than 1000 national and international exhibitors from 50 countries. The event will address the needs of the retail, food and beverage industries.
At SIAL Canada, the Indian business presence consists of a delegation from the Trade Promotion Council of India (TPCI), the Agricultural and Processed Food Export Development Authority (APEDA), the India Trade Promotion Organization (ITPO) and the Associated Chambers of Commerce and Industry of India (ASSOCHAM ).
A trade and investment promotion event for the agriculture and food processing sector with Indian companies and Canadian importers will also be held on the sidelines of SIAL-2023. 200 companies are expected to participate in this event. The visit is expected to give further impetus to bilateral trade and investment relations.
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