Economic pact with India likely by year-end: Canadian PM Carney
Times of India
by TNNMarch 1, 2026
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Canadian Prime Minister Mark Carney has announced that India and Canada are likely to sign a Comprehensive Economic Partnership Agreement (CEPA) by the end of 2023. During his visit to Mumbai, Carney emphasized the significance of this agreement, describing it as a major opportunity for both nations to elevate their economic collaboration. The agreement is expected to cover key areas such as trade, investment, and strategic partnerships, including nuclear energy and critical minerals.
Carney highlighted that Canada aims to deepen its relationship with India beyond traditional trade deals, focusing on sectors like food and energy, where Canada holds a strong position as a global superpower in these fields. He also stressed the importance of collaboration in technology and innovation, which aligns with India's vision for sustainable development. The negotiations for CEPA were reignited during the G7 summit in Canada last year, where both leaders agreed to re-engage on critical issues like security, energy, and technology.
The potential signing of CEPA comes after Modi and Carney discussed various strategic initiatives, including a multi-billion-dollar agreement for India's procurement of uranium from Canada. This deal underscores Canada's role as a reliable supplier of nuclear fuel and its commitment to supporting India's energy security. Additionally, the leaders are expected to address regional security dynamics, particularly in West Asia, where Canada supports the U.S. stance against Iran's nuclear program, while India maintains diplomatic ties with Iran.
This partnership is seen as a significant step in strengthening democratic ties between India and Canada, especially amid shifting geopolitical landscapes. The agreement not only promises economic benefits but also reinforces strategic collaboration in areas of mutual interest. For readers interested in global economics and diplomacy, this deal
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Originally published on Times of India on 3/1/2026