Canada–India trade talks have been accelerated after Prime Minister Mark Carney met Prime Minister Narendra Modi in New Delhi, targeting a Comprehensive Economic Partnership Agreement (CEPA) by end-2026.
Carney said the deal aims to double two-way trade to C$70bn this decade, as Canada seeks to expand non-US trade amid renewed US tariff pressures.
“This ambitious agreement will reduce barriers, increase certainty and unlock opportunity for exporters, investors and workers in both our countries,” Carney said.
“In the last decade, India has become the world’s fastest-growing major economy,” he added. “The most ambitious projects in clean energy, the digital economy and the next generation of AI talent are all here. Canada shares this ambition.”
Modi said the countries’ “next level partnership” would boost trade, defence, technology, energy and food security, and hailed the visit an “important milestone” in bilateral relations.
Trade negotiations, first launched in 2010, stalled after Ottawa accused India of involvement in the 2023 killing of Hardeep Singh Nijjar. India denies the allegation.
Key developments:
• Bilateral goods trade reached nearly C$9bn in 2024; services exports totalled C$13bn.
• Agreements signed on critical minerals and clean energy cooperation.
• Cameco agreed a C$2.6bn uranium supply deal with India.
• Engagement resumed after diplomatic expulsions and a G7 leaders’ meeting.
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