In a significant step toward strengthening bilateral relations, India and Canada have agreed to conclude negotiations on a free trade agreement by the end of 2026. The decision was taken during wide-ranging discussions between Prime Minister Narendra Modi and his Canadian counterpart, Mark Carney, focusing on enhancing cooperation in defence, trade, and energy. The leaders met on the sidelines of the G7 Summit in Evian-les-Bains, eastern France.
The Ministry of External Affairs (MEA) said during the meeting, the two leaders reaffirmed concluding the negotiations for a Comprehensive Economic Partnership Agreement (CEPA) this year. It noted that the two prime ministers welcomed the positive momentum in bilateral relations and noted the progress achieved since Carney's visit to India in March this year. The two sides also agreed to launch negotiations on a General Security of Information Agreement to deepen defence and security cooperation.
The leaders reviewed progress in economic cooperation, including commercial arrangements relating to LNG, LPG and metallurgical coal. They also welcomed growing institutional engagement, including recent meetings of the Joint Science and Technology Committee and the Consular Dialogue, and looked forward to dialogues in the areas of defence, finance and migration. The leaders also noted ongoing collaboration under the Canada-India Talent and Innovation Strategy and announced the establishment of Raisina Americas as a platform to further strengthen dialogue, exchanges and cooperation. Modi also expressed support for Canada becoming a Dialogue Partner of the Indian Ocean Rim Association.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: