3 hrs ago
Canada Says Ready to Become India's Reliable Long-Term Trade Partner
Canada and India are talking about a trade agreement.
They are holding the fifth round of talks this week.
Canada says it could supply India with energy, critical minerals and aerospace products.
Canada says India's energy needs are expected to grow.
India and Cameco have also agreed on uranium supplies for India's nuclear energy needs through 2035.
The countries hope to finish the trade talks by the end of 2026.
They want their yearly trade to reach $70 billion by 2030.
Canada is also planning to send a business trade mission to India in October.
Canada and India are holding a fifth round of negotiations on a Comprehensive Economic Partnership Agreement this week.
The two countries aim to conclude negotiations by the end of 2026 and raise annual two-way trade to $70 billion by 2030.
Canada is promoting energy, critical minerals and aerospace as areas for expanded trade with India.
The Canadian government cited a $2.6 billion uranium supply agreement between India and Cameco, covering nearly 22 million pounds through 2035.
Two-way trade in goods and services was $30.4 billion in 2025; Canada is planning a trade mission to India from October 12 to 17.
- Who
- Canadian and Indian negotiators, with Canada's Global Affairs Canada describing potential trade opportunities.
- What
- The countries are conducting the fifth round of talks toward a Comprehensive Economic Partnership Agreement.
- Where
- Between Canada and India; the article does not specify where the current negotiations are being held.
- When
- The fifth round is taking place this week; the countries aim to conclude negotiations by the end of 2026.
- Why
- To expand commercial opportunities and strengthen the long-term economic relationship between the countries.
Key facts
- Agreement under negotiation
- Comprehensive Economic Partnership Agreement (CEPA)
- Negotiation round
- Round 5
- Target conclusion
- End of 2026
- Two-way trade target
- $70 billion annually by 2030
- Two-way trade in 2025
- $30.4 billion in goods and services, including $13.6 billion in merchandise trade
- Uranium agreement
- $2.6 billion for nearly 22 million pounds of uranium through 2035
- Planned trade mission
- Team Canada Trade Mission to India, October 12–17
Quotes
Global Affairs Canada
Canadian government department responsible for foreign affairs and trade
“From energy to critical minerals to aerospace, Canada is ready to be the reliable partner India needs.”
thehansindia.com
Sources
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