India stresses on data sovereignty, economic reforms at G20 Trade and Investments ministers meet

"... Together, we will transform Indo-Mediterranean and European trade. Prime Minister Modi and your Commerce Minister, Mr Piyush Goyal, deserve a great deal of credit for making this happen...," he said.

India and Canada have set a target of achieving USD 50 billion in bilateral trade by 2030 as the two countries formally launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in New Delhi on Monday.

Canadian Prime Minister Mark Carney arrived in Mumbai with his wife to kick off a "significant" visit to India. Aiming to reset ties, he will meet business leaders and PM Narendra Modi to expand cooperation in trade and AI, targeting 50 billion USD in bilateral trade by 2030.

The US Embassy in India on Thursday welcomed Commerce Secretary Howard Lutnick who arrived in New Delhi. Lutnick met Union Minister Piyush Goyal as the two leaders held discussions to further expand the India-USA trade and economic partnership.

He said, "Over the last nine months we were very successful in completing Indonesia Ecuador UAE and getting access to EU defence procurement initiatives hundreds of billions of dollars of export opportunities. We're the only non-EU country to get part of that deal. Again coming back to India you know back in November both leaders had met at the G20 Prime Minister Carney and Prime Minister Modi to signal that we both want an FTA with each other and so this trip is about our first round launching negotiations and so hopefully concluding this year an FTA. We both know that FTAs-- free trade agreements--will unlock opportunities it presents stability, reliability for businesses, it sends a signal to them and you've just looking at the facts free trade leads to more opportunities more trade and more jobs for workers."