Blitz India Global Affairs Bureau
NEW DELHI: India and Canada have moved decisively from diplomatic reset to commercial roadmap, announcing the Terms of Reference for a Comprehensive Economic Partnership Agreement (CEPA).
Both sides target concluding the deal by end-2026, having completed a second round of negotiations in May, and aim to lift bilateral trade to $50 billion by 2030 — with strong complementarities in energy, critical minerals, technology and agriculture.
A frosty chapter has thawed into a business roadmap, as India and Canada chase a $50 billion trade target built on energy, minerals and technology.
At a Glance
• Status: CEPA ToR announced; 2nd round done (May)
• Target: Conclude 2026; $50 bn trade by 2030
• Delegation: 100+ Indian companies
• Focus: Energy, critical minerals, tech, agriculture
Canada’s resource base and India’s fast-growing demand and talent pool are a natural fit, especially in the critical minerals vital to clean-energy and semiconductor supply chains.
The constructive priority is a focused, deliverable negotiation — an achievable first agreement, with early wins in minerals, energy and mobility building momentum.
