$50B trade goal: India, Canada speed up economic partnership, boost defence, energy & tech ties

India and Canada have taken a major step toward strengthening economic ties as Prime Minister Narendra Modi and Canadian PM Mark J Carney agreed to pursue a trade-led partnership aimed at boosting bilateral trade to $50 billion by 2030. The two leaders held talks at Hyderabad House in New Delhi and decided to fast-track negotiations on a Comprehensive Economic Partnership Agreement (CEPA). Several MoUs were exchanged covering critical minerals, renewable energy, defence cooperation and cultural ties.