Canada’s Prime Minister Mark Carney is expected to visit India in early March, during which a 10-year uranium supply agreement worth C$2.8 billion may be signed. The visit could also mark the formal launch of Comprehensive Economic Partnership Agreement (CEPA) negotiations, signaling stronger bilateral trade and energy cooperation.
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Canada and India are poised to deepen their strategic and economic ties with a major uranium supply deal and the initiation of trade negotiations. According to India’s envoy to Canada, Prime Minister Mark Carney’s upcoming visit in March will be pivotal in shaping the future of bilateral relations.
Key Highlights
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Major Takeaway: A 10-year uranium supply agreement valued at C$2.8 billion is likely to be finalized, strengthening India’s energy security.
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Notable Update: Prime Minister Carney is expected to travel to India in early March, underscoring the importance of the partnership.
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Important Point: Formal negotiations for the Comprehensive Economic Partnership Agreement (CEPA) are anticipated to begin during the visit, aiming to boost trade and investment flows.
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Strategic Context: The uranium deal reflects Canada’s role as a reliable energy partner, while CEPA talks highlight both nations’ commitment to expanding economic cooperation.
This development marks a significant step in Canada-India relations, combining energy collaboration with broader trade ambitions.
Sources: Reuters (RTRS)
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