June 17, 2012 - Ottawa - Foreign Affairs Minister John Baird welcomes Shri S. M. Krishna, India’s Minister of External Affairs. The two reviewed the current status of bilateral negotiations underway, such as the comprehensive economic partnership agreement (CEPA) and the implementation of the Nuclear Cooperation Agreement, exchanged views on regional issues such as Afghanistan, Maldives and Sri Lanka, and addressed nuclear non-proliferation concerns such as Iran.
Canada and India have longstanding and positive bilateral relations built upon shared traditions of democracy, pluralism and strong interpersonal connections with an Indian diaspora of more than one million in Canada.
In November 2009, Prime Minister Stephen Harper met with Prime Minister Manmohan Singh during a visit to India, where the two men set a combined annual trade target of $15 billion (up from just under $5 billion in 2009), to be reached by 2015. The leaders also met when Prime Minister Singh visited Canada in June 2010, at which time they discussed bilateral, regional and global issues.
Two-way merchandise trade reached nearly $5.2 billion in 2011, an increase of 23.4 percent from 2010. Canada and India are currently negotiating a CEPA that could boost bilateral trade by 50 percent, according to a Canada-India joint study.