While Canadian Prime Minister Mark Carney’s official visit to India. Canada’s Prime Minister Carney’s and Prime Minister Narendra Modi unveiled a comprehensive roadmap to reset bilateral ties between both countries. Recently Marking 79 years of diplomatic relations the India-Canada Joint Leaders Statement. This Joint Statement outlined cooperation across various sectors like energy, trade, clean tech, AI, defense, and the Indo-Pacific. The two leaders also adopted “Vasudhaiva Kutumbakam – One Earth, One Family, One Future” as the guiding framework for a renewed Strategic Partnership.
Strategic Energy Partnership Between Both Countries
- The Launch of the India-Canada Strategic Energy Partnership.
- The Focus areas which covers the clean energy, conventional energy, civil nuclear energy critical minerals.
- Re launch of the Canada and India Ministerial Energy Dialogue at India Energy Week 2026.
- Cooperation in hydrogen, biofuels, sustainable aviation fuel, battery storage, CCUS.
- A key highlight was a Canadian Dollar (CAD) 2.6 billion uranium supply agreement between Cameco and India’s Department of Atomic Energy. Which is also boosting India’s civil nuclear energy capacity.
- Canada also aims to produce 50 million tonnes of LNG annually by 2030 & expanding energy trade with India.
Critical Minerals & Clean Energy MoUs
Signing of a Critical Minerals Cooperation MoU.
- Support for resilient supply chains under the G7 Critical Minerals Action Plan.
- Collaboration on mineral stockpiling and emissions reduction technologies.
- Clean Energy Cooperation MoU covering solar, wind, bioenergy and storage.
- India welcomed Canada’s intention to pursue membership in the International Solar Alliance which is strengthening global solar deployment.
CEPA 2026: Trade Target of CAD 70 Billion by 2030
Formal launch of negotiations for a Comprehensive Economic Partnership Agreement (CEPA).
- Target: expand bilateral trade to CAD 70 billion/₹4.65 lakh crore by 2030.
- Commitment to conclude negotiations by end 2026.
- Reconstitution of the India-Canada CEO Forum.
The renewed Ministerial Dialogue on Trade and Investment aims to enhance supply chain resilience and economic predictability.
Talent, Education & Mobility: Strengthening One Family
Expansion of dual degree, twinning programs and offshore campuses.
- MoU between AICTE and MITACS for 300 Indian students annually.
- Launch of a Joint Talent and Innovation Strategy.
- Canada’s Indo-Pacific Scholarships bringing 85+ researchers to India.
- Education and mobility remain central pillars of people-to-people ties.
Space, AI & Digital Cooperation: Technology for the Future
Revitalization of the Joint Science & Technology Cooperation Committee.
- Expanded cooperation between Indian Space Research Organization and Canadian Space Agency.
- AI tools for space applications and distance medicine diagnostics.
- Collaboration on AI driven smart grids and battery management.
Trilateral tech cooperation under the Australia-Canada-India Technology and Innovation Partnership was also strengthened.
Security, Defense & Indo-Pacific Cooperation
Institutionalization of an India-Canada Defense Dialogue.
- Maritime Security Partnership and defense attache appointments.
- Enhanced counterterrorism, cybersecurity, and law enforcement cooperation.
- Support for a free, open and inclusive Indo-Pacific.
- India also welcomed Canada’s interest in joining the Indian Ocean Rim Association (IORA) as a Dialogue Partner.
Background: 79 Years of Diplomatic Relations
- India and Canada established diplomatic relations in 1947.
- Bilateral trade has diversified into energy, agriculture, education and technology.
- Canada is a major supplier of potash and uranium.
- While India is among Canada’s largest sources of international students.
- The 2026 Joint Statement represents a structured reset after a period of diplomatic tension which is aiming to institutionalize long-term cooperation.
Question
1. India and Canada aim to expand bilateral trade to what level by 2030 under CEPA?
A. CAD 50 billion
B. CAD 60 billion
C. CAD 70 billion
D. CAD 80 billion
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