India–Canada Relaunch Trade Talks: Ambitious Deal Targets $70 Billion

Inside the negotiations  
The announcement came during the G20 Summit in Johannesburg, where both leaders emphasized the importance of diversifying trade partnerships and strengthening economic ties. Talks had stalled two years ago due to diplomatic tensions, but the relaunch marks a fresh chapter in bilateral relations. The CEPA framework will cover goods, services, investments, and civil nuclear cooperation, with a strong focus on expanding opportunities for businesses in both countries. Modi also invited Carney to visit India, underscoring the commitment to deepen engagement.  

Notable updates  
• CEPA negotiations relaunched after two-year pause due to diplomatic disagreements  
• Target: double bilateral trade to $70 billion by 2030  
• Focus areas: goods, services, investments, and civil nuclear cooperation  
• Leaders met on sidelines of G20 Summit in Johannesburg, November 2025  
• Modi extended invitation to Carney to visit India for further talks  

Major takeaway  
The relaunch of CEPA negotiations signals a reset in India–Canada relations, with both nations aiming to unlock new economic opportunities, strengthen supply chains, and build a resilient partnership for the future.  

Sources: Financial Express, Economic Times, The Print