Canada-India Free Trade Deal: Progress, Partnerships, and Future Growth
Mark Carney, the Canadian Prime Minister, basically said things are moving fast on the free trade deal with India. He called it a "game changer" for everyone involved, workers and businesses, in both countries.
This came out on X, right in the middle of all the renewed diplomatic and economic back-and-forth happening between New Delhi and Ottawa.
He posted something like, “We’re negotiating a free trade deal with India. This will be a game changer for Canadian workers and businesses — unlocking a massive new market.”
He also mentioned they were working quickly. He said he had met Minister Piyush Goyal to look over where things stood and what opportunities were ahead for both nations. Stuff like energy, agri-food, tech, and education.
Piyush Goyal, the Union Commerce and Industry Minister, jumped in. He reposted Carney’s message. He said he had actually called the Canadian Prime Minister during his Ottawa trip.
He mentioned recalling his own recent visit to India. That trip, he said, gave a fresh push, renewed confidence in the whole India-Canada partnership.
They apparently had these forward-looking talks about deepening cooperation. Optimism about wrapping up the Comprehensive Economic Partnership AGreement, the CEPA , sooner rather than later. Something that would open up new growth avenues for both sides.
This whole exchange happened while Goyal was on his three-day visit to Canada, from May 25th to the 27th. And he brought a seriously big group. Indian officials described it as the largest business delegation India had ever sent to Canada.
We’re talking about mining, energy, aerospace, telecom, pharma, agriculture, textiles, the whole automotive sector. A ton of businesses showing up.
But the bigger picture, the real shift, seems to be in the relationship itself. According to an AP report, Goyal suggested that Carney’s visit had helped reset things after years of real strain.
“This is a partnership that is being reset very, very rapidly,” Goyal put it.
He pointed out that Carney’s visit to India back in February, the first time a Canadian PM had gone in eight years, completely changed how both sides viewed each other. It set a new path. New goals.
There’s been tension, obviously. Remember the whole situation with Hardeep Singh Nijjar near Vancouver back in 2023? Canadian authorities made allegations about Indian involvement. New Delhi strongly denied everything. India, meanwhile, accused the former Trudeau government of harboring Khalistan extremists. It was messy.
The CEPA talks themselves, they’ve been going on since 2010. But they stalled out in 2023 because of all the diplomatic noise. Now, things are picking up again. Both sides are pushing hard. It feels central to rebuilding the economic link.
A Canadian delegation actually went to New Delhi earlier this month for another round of talks, May 4th to 7th. And they expect the negotiations to keep going while Goyal is still there.
Goyal stressed the urgency. Both PMs—Modi and Carney—have tasked them with finishing this deal by the end of the year, or even sooner. And something huge: tripling trade. They want to jump from that current $17 million to $50 billion by 2030.
The scale of the business interest is huge. Goyal noted that the delegation included 112 Indian businesses that came out from India. It really shows there’s massive interest in this partnership.
The focus seems to be on energy, nuclear stuff, and tech cooperation. Officials are looking at how India’s energy needs and Canada’s natural resources fit together. They see natural partners across the board, traditional and clean energy alike.
Earlier, during Carney’s visit, they signed some deals. One deal involved uranium supply—about 22 million pounds for nuclear power. That was worth 2.6 billion Canadian dollars.
They’re also digging into AI, innovation ecosystems, and setting technology standards.
And it’s not just about trade numbers. Experts are pointing out that this partnership fits into a bigger global move. People like Vina Nadjibulla noted that both India and Canada are trying to pull away from heavy dependence on the United States. They’re looking toward Europe, Australia, and Canada for capital and tech.
That’s supported by the reality on the ground. Canada has a huge Indian-origin population—nearly 1.8 million Indo-Canadians, plus a million NRIs and students. It’s a deep connection, even when the politics get heated.
Written by Gree News Team — Senior Editorial Board
Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.
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