India, Canada Accelerate Trade Deal
Analysis based on 31 articles · First reported May 26, 2026 · Last updated May 31, 2026
The renewed momentum in trade negotiations between India>>> and Canada>>> for a Comprehensive Economic Partnership Agreement (CEPA) is expected to significantly boost bilateral trade, potentially tripling it to $50 billion by 2030. This development is positive for businesses in both countries, particularly in sectors like energy, agri-food, technology, and education, as it promises reduced trade barriers and increased investment opportunities.
India>>> and Canada>>> are actively working towards concluding a Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026, with a potential target of October or November. This push follows a period of strained relations and aims to rejuvenate economic ties, with both nations targeting to triple bilateral trade from $17 billion to $50 billion by 2030. Piyush Goyal>>>, India>>>'s Commerce and Industry Minister, met with Canada>>>'s Prime Minister Mark Carney>>> and International Trade Minister Maninder Sidhu>>> to discuss progress and explore opportunities in various sectors including energy, agri-food, technology, and education. Mark Carney>>> described the potential free trade deal as a 'game changer' for Canadian workers and businesses, unlocking a massive new market. The third round of CEPA negotiations is currently underway in Ottawa, with a large Indian business delegation accompanying Piyush Goyal>>> to demonstrate commitment to the partnership. Both countries are emphasizing a 'mission mode' approach to finalize the pact, with a focus on overcoming past misunderstandings and building a stronger economic and political relationship.
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