India, Canada aim for trade pact by year end, agree uranium deal
Al Jazeera
Bilateral trade expected to hit $50bn by 2030, says Indian PM Modi as he hosts his Canadian counterpart, Mark Carney.
India and Canada will aim to conclude a free trade pact by the end of this year, says Canadian Prime Minister Mark Carney, as the two countries seek to boost economic ties after two years of a strained relationship.
Speaking after talks with Carney, Indian Prime Minister Narendra Modi on Monday said the two countries would soon finalise a “comprehensive economic partnership” which is expected to increase bilateral trade to $50bn by 2030 from nearly $9bn in 2024-25.
India and Canada began advancing negotiations on a long-pending trade agreement last year. Carney said the two sides were aiming to conclude the deal by the end of the year.
“This is not merely the renewal of a relationship. It is the expansion of a valued partnership with new ambition, focus, and foresight,” he said on his first official trip to New Delhi.
The two sides also agreed on a $2.6bn uranium deal and will work on building small modular nuclear reactors and advanced reactors.
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