Canada's Trade Minister is in Mumbai for the fourth round of talks. The goal is to double to C$70 billion by 2030, marking a significant push for deeper economic ties.
C$70 Billion
Bilateral Trade Target
⏳ Time Machine
How today’s news fits into the bigger picture
2010
India-Canada CEPA Talks Begin
Formal negotiations for a between India and Canada were launched, aiming to expand trade and investment. Early discussions focused on identifying key sectors for collaboration.
2015-2020
Talks Face Slowdown
Progress on the CEPA negotiations slowed significantly, largely due to differences in key areas such as agriculture, intellectual property, and services. Geopolitical shifts also contributed to a less urgent pace.
October 2022
Re-engagement on Trade
Both countries announced a renewed commitment to resume and accelerate CEPA talks, with leaders emphasizing the strategic importance of strengthening bilateral economic ties amidst global uncertainties.
Early 2026
Third Round of Talks
The third round of CEPA negotiations took place, addressing initial concerns and setting the stage for more substantive discussions. Positive momentum was reported, leading to the current intensified efforts.
Today
Canada and India intensified CEPA talks, aiming to double bilateral trade to C$70 billion by 2030.
What happens next?
Negotiators will work to finalize the Comprehensive Economic Partnership Agreement (CEPA), focusing on unresolved issues to meet the ambitious 2030 trade target.
Canada is actively pursuing stronger economic ties with India, with its international trade minister currently in Mumbai to advance negotiations on a Comprehensive Economic Partnership Agreement (CEPA). This is the fourth round of talks, signaling an accelerated effort to finalize the deal. The ambitious target set is to double bilateral trade between the two nations to **C$70 billion by 2030**. This visit underscores Canada's commitment to diversifying its trade relationships and tapping into India's rapidly growing market, particularly amidst evolving global supply chains. The discussions are expected to cover various sectors to facilitate smoother trade and investment flows.
💭 If you're wondering…
A CEPA is a wide-ranging trade agreement that goes beyond tariffs to cover goods, services, investment, intellectual property rights, and other economic cooperation aspects, aiming for deeper economic integration between countries.
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