India and Canada re-commit to finalize Comprehensive Economic Partnership Agreement by 2026
India and Canada have reaffirmed their commitment to conclude the Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026. This decision emerged from the inaugural India-Canada Finance Ministers' Economic and Financial Dialogue in Toronto. Both nations also expressed readiness to initiate talks for a Bilateral Investment Treaty 'at the earliest.' The dialogue aimed to strengthen bilateral economic and financial cooperation, boost bilateral trade to ₹4.65 lakh crore by 2030, and facilitate greater engagement between financial institutions and institutional investors.
Key Points
- India and Canada are committed to finalizing the Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026.
- Both countries are prepared to begin negotiations for a Bilateral Investment Treaty soon.
- The commitment follows the inaugural India-Canada Finance Ministers' Economic and Financial Dialogue.
- The goal is to significantly boost bilateral trade from ₹70,354 crore in 2025-26 to ₹4.65 lakh crore by 2030.
- The dialogue also focused on increasing engagement between financial institutions and institutional investors.
Exam Facts
- Agreement: Comprehensive Economic Partnership Agreement (CEPA).
- Target completion: End of 2026.
- Indian Finance Minister: Nirmala Sitharaman.
- Canadian Minister of Finance: François-Philippe Champagne.
- Trade target: ₹4.65 lakh crore by 2030 (from ₹70,354 crore in 2025-26).
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