India, Canada Resume Trade Talks
Analysis based on 13 articles · First reported Nov 23, 2025 · Last updated Nov 28, 2025
The resumption of trade negotiations between India and Canada is expected to positively impact both economies by boosting investor confidence and providing a stronger framework for businesses. The target of doubling bilateral trade to USD 50 billion by 2030 signals significant growth opportunities in sectors like critical minerals, nuclear energy, and emerging technologies.
India and Canada have agreed to resume negotiations for a Comprehensive Economic Partnership Agreement (CEPA), aiming to double bilateral trade to USD 50 billion by 2030. This move marks a significant thaw in diplomatic relations, which had been strained since 2023 following allegations by then Canadian Prime Minister Justin Trudeau regarding a potential Indian link to the killing of Hardeep Singh Puri. The decision to restart talks followed discussions between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney at the G7 summit in June. India's Commerce and Industry Minister Piyush Goyal emphasized the strategic importance of the agreement, highlighting potential cooperation in critical minerals, nuclear energy, and emerging technologies like AI and quantum computing. Both nations anticipate that the CEPA will enhance investor confidence and provide a robust framework for businesses, despite a slight trade deficit for India in the last fiscal year.
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