India and Canada sign Economic Partnership Agreement
India and Canada have signed the Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement (CEPA), aiming to boost bilateral trade to $50 billion by 2030. This agreement will cover trade in goods, services, and investment, and is expected to benefit sectors like pharmaceuticals, textiles, and technology
The CEPA negotiations will focus on reducing tariffs, improving market access, and enhancing regulatory cooperation. Canada will supply uranium to India, supporting India's nuclear energy program, and both countries will collaborate on critical minerals, clean energy, and advanced manufacturing
This partnership marks a significant shift in India-Canada relations, driven by economic opportunities and a shared vision for the Indo-Pacific region. The agreement is expected to be finalized by the end of 2026