Canada and India have agreed to restart negotiations on a comprehensive trade pact, ending a two-year freeze triggered by a diplomatic dispute.
Canadian Prime Minister Mark Carney and India’s Prime Minister Narendra Modi reached the breakthrough during their bilateral meeting on the sidelines of the G20 summit in Johannesburg.
According to a statement from Modi’s office, the two leaders committed to reviving talks on a “high-ambition” Comprehensive Economic Partnership Agreement (CEPA) with a goal of doubling bilateral trade to USD 50 billion by 2030.
Carney echoed the message in a post on X, noting that a successful deal could push trade above C$70 billion and open significantly larger opportunities for Canadian workers and businesses, given India’s status as the world’s fifth-largest economy.
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A renewed Canada–India CEPA could boost flows in agricultural goods, energy, tech services and investment channels, adding medium-term support for CAD-sensitive export sectors while expanding access for Indian firms.
