India-Canada CEPA 3rd Round
Analysis based on 7 articles · First reported Jul 12, 2026 · Last updated Jul 13, 2026
The progress in CEPA negotiations signals a strengthening of bilateral trade ties, which could boost sectors like pharmaceuticals, agriculture, and technology. However, the decline in current trade volumes tempers immediate market enthusiasm.
India and Canada concluded the third round of negotiations for the Comprehensive Economic Partnership Agreement (CEPA) in Ottawa from July 6-10, 2026. Both sides reported positive progress across multiple tracks and reaffirmed their commitment to conclude the negotiations in 2026. The talks covered market access for goods, rules of origin, trade in services, intellectual property, sanitary and phytosanitary measures, and cooperation in critical sectors such as critical minerals, clean technology, agriculture, and pharmaceuticals. The CEPA is expected to go beyond traditional goods-focused FTAs to include services, investment, government procurement, digital trade, and sustainable development. Bilateral merchandise trade declined 8.2% to $7.95 billion in 2025-26. Both countries aim to increase bilateral trade to $50 billion by 2030. The negotiations are led by Brij Mohan Mishra from India and Bruce Christie from Canada. Prime Minister Narendra Modi signaled hope for signing before a potential visit to Canada, and Canadian Prime Minister Mark Carney described the deal as a 'game changer'.
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