India, Canada conclude third round of negotiations for trade agreement
This story was originally published at 07:37 IST on 13 July 2026
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NEW DELHI – India and Canada have concluded the third round of negotiations for a Comprehensive Economic Partnership Agreement in Ottawa from Jul. 6-10, the commerce ministry said in a post on social media platform X late Saturday. "The discussions witnessed positive progress across multiple negotiating tracks, reaffirming the shared commitment of both countries to conclude the negotiations in 2026, in line with the vision of the leaders," it said.
Canadian Prime Minister Mark Carney in May called the Comprehensive Economic Partnership Agreement between both countries a "game changer". The trade deal negotiations started after the two sides signed the Terms of Reference in March 2025. India and Canada held virtual talks in March, followed by a second round that concluded May 8.
India and Canada have a bilateral trade of around $8.5 billion and both the governments have set a shared target of expanding it to $50 billion by 2030. India exported goods worth $4.67 billion to Canada in the financial year 2025-26 (Apr-Mar), with merchandise imports of $3.29 billion. End
US$1 = INR 95.33
Reported by Pratiksha
Edited by Shubhayan Bhattacharya
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