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New Delhi: India and Canada have launched a trade and investment forum to bring together businesses from both countries to promote commercial engagement, the government said on Friday after commerce and industry minister Piyush Goyal concluded a three-day visit to the country.

The two sides also agreed to enhance connectivity, including people to people ties, business mobility and direct commercial linkages, as essential enablers of expanded trade and investment.

Goyal held a series of meetings with business leaders, besides a bilateral meeting with Canada’s international trade minister Maninder Sidhu, during the May 25-28 visit.

“The Ministers launched the Canada-India Trade and Investment Forum as a key platform that brings together Canadian and Indian business leaders and fosters new commercial partnerships and increased business engagement,” commerce and industry ministry said in a statement.

India and Canada reiterated their commitment to advancing an ambitious and mutually beneficial comprehensive economic partnership agreement and affirmed their shared objective of concluding negotiations by the end of this year.

Sidhu confirmed that Canada will send a Team Canada Trade Mission to India later this year, according to the statement.
“Canada and India agreed to continue encouraging long term, high quality investment in priority sectors and to support deeper collaboration between businesses, innovators, and institutional partners in both countries,” it said.US trade
Goyal engaged with more than 50 prominent business and industry leaders at a closed-door roundtable discussion in New York City. In a post on X, he said the discussions focused on expanding partnerships across trade, investment, innovation and supply chains to drive shared prosperity between the two nations. “Goyal held a series of high-level business and investment engagements in New York on 28 May 2026 during his transit through the city,” the ministry said. His visit to the US comes ahead of an American team’s visit to India from June 1-4 to finalise details of the interim trade pact and take forward negotiations under the broader bilateral trade agreement on various areas such as market access, non-tariff measures and customs facilitation.

“Discussed ways to further deepen India-US trade, investment, innovation, and supply-chain partnerships for shared prosperity,” Goyal said in a post on X.

The minister also held bilateral talks with leading industry heads. During his meeting with Morgan Stanley chairman and CEO Ted Pick, the discussions focused on strengthening long-term investments and institutional partnerships in India, while exploring how the investment bank and financial services firm can leverage the immense opportunities emerging across sectors in India.

With Warburg Pincus chairman Chip Kaye, Goyal exchanged views on the evolving global investment landscape and India’s emergence as a key driver of growth and innovation, while with Amneal Pharmaceuticals co-founder and co-CEO Chintu Patel, he discussed investment opportunities in India’s pharmaceutical sector and avenues for deeper collaboration to boost innovation in India.

Operator

Good afternoon, and welcome to Nextpower’s investor conference call to discuss today’s announcement. That Nextpower has entered into a definitive agreement to acquire Prevalon Energy. Today’s call is being webcast live, and a replay will be available on the Investor Relations section of Nextpower’s website.

The press release and accompanying investor presentation are also available on the Investor Relations website. I will now turn the call over to Ms. Sarah Lee, Head of Investor Relations.

Sarah Lee
Head of Investor Relations

Thank you. Before we begin, I would like to remind everyone that today’s remarks will include forward-looking statements, including statements regarding the proposed acquisition of Prevalon Energy, the expected timing and completion of the transaction, the anticipated benefits of the acquisition, expected strategic, operational and financial impacts integration plans, market opportunities, customer demand, product capabilities and other expectations regarding future performance. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.

These risks include, among others, the possibility that the transaction may not close on the expected time line or at all, the failure to obtain required approvals or satisfy closing conditions, integrated risks, market and customer demand, supply chain and execution risks and other risks described in Nextpower’s filings with the SEC.

China’s export prices jumped at their fastest rate in three years, as a global surge in energy costs and an AI boom broke a long streak of falling prices.

Official data released Thursday showed overall export prices rose 5% in April from a year ago, the biggest gain since April 2023 and a reversal from years of almost unbroken contraction.

The increases were concentrated in global commodities like crude oil, metals and semiconductors. These goods rallied worldwide as the war in Iran triggered an energy crisis and massive corporate investments in AI prompted global supply scrambles.

Outside of these sectors, however, the picture looks very different. Prices for most Chinese goods are still falling, as intense domestic competition and an oversupply of products have limited what factories can charge buyers.

“Chinese products are not what’s driving prices hikes. China is still largely a price taker,” said Xing Zhaopeng, senior China strategist at Australia & New Zealand Banking Group. “Even if prices continue to rise down the road, it will be a passive reaction rather than an active choice.”

The data highlights how conflicts in West Asia affect the world’s largest exporter. As higher oil prices lift the cost of things from plastics to chemical fibers, some Chinese factories have started raising prices for consumer items including swimsuits and bandages.
This shift, if sustained, could spell trouble for shoppers overseas. For years, international markets relied on cheap Chinese manufacturing to keep their own everyday living costs down.However, a weak domestic economy prevents Chinese factories from passing on all their higher costs. Intense local competition means manufacturers must absorb much of the raw material spike, heavily squeezing profit margins downstream.

For China, this profit squeeze threatens to trigger a painful economic loop. Lower corporate earnings will likely depress worker wages, further hobbling the domestic consumer spending that Beijing has been trying to revive.