India, Canada push to conclude trade pact this year, deepen strategic ties
India and Canada on Tuesday agreed to accelerate efforts to conclude negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in 2026, while expanding cooperation across
India and Canada on Tuesday agreed to accelerate efforts to conclude negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in 2026, while expanding cooperation across trade, energy, defence, technology and talent mobility. The commitment came during a meeting between Prime Minister Narendra Modi and his Canadian counterpart Mark Carney on the sidelines of the G7 Summit in Evian, France. Following the meeting, Modi posted on Also Read | End to war brings tailwinds for India's trade with West Asia According to the press statement by the ministry of external affairs, the two leaders welcomed the positive momentum in bilateral relations and reviewed progress made since Carney's visit to India in March. Reaffirming their commitment to a forward-looking strategic partnership, they highlighted the complementarities between the Indian and Canadian economies and stressed the importance of resilient and reliable supply chains for global energy and food security. Economic cooperation The two leaders reviewed developments in bilateral economic cooperation, including commercial arrangements related to liquefied natural gas (LNG), liquefied petroleum gas (LPG) and metallurgical coal.
They also expressed satisfaction with the progress in negotiations towards the proposed CEPA and reaffirmed their shared objective of concluding the trade agreement this year. Both sides also welcomed the growing pace of high-level exchanges. The leaders noted the recent visit of commerce and industry minister Piyush Goyal to Canada and said they looked forward to a Canadian trade mission to India later this year, to be led by Canada's minister of international trade. The meeting also focused on strengthening institutional engagement between the two countries. The leaders welcomed recent meetings of the Joint Science and Technology Committee and the Consular Dialogue, while looking forward to future dialogues in defence, finance and migration. Security cooperation In a significant step towards expanding security cooperation, India and Canada agreed to launch negotiations on a General Security of Information Agreement (GSOIA). They also welcomed recent exchanges between defence institutions, including a visit by India's Defence College to Canada.
The two prime ministers noted ongoing collaboration under the Canada-India Talent and Innovation Strategy, including initiatives aimed at strengthening skill development, innovation partnerships and educational cooperation between institutions in both countries. Modi also expressed support for Canada's bid to become a Dialogue Partner of the Indian Ocean Rim Association (IORA). The leaders announced the establishment of "Raisina Americas", a new platform intended to deepen dialogue, exchanges and cooperation between stakeholders from the two countries and the wider region. Modi thanked Carney for inviting him to visit Canada later this year. Both sides agreed to remain engaged through diplomatic channels to finalise mutually convenient dates for the visit. Thaw in ties The renewed push for a trade pact follows a significant thaw in bilateral ties this year. In May, Goyal led the largest-ever Indian business delegation to Canada, where both sides agreed to accelerate CEPA negotiations and work towards concluding the agreement by the end of 2026.
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