#G20 summit# Mark Carney# Canada# Narendra Modi# India
Johannesburg/IBNS-CMEDIA: Canada and India agreed to launch negotiations on a high-ambition Comprehensive Economic Partnership Agreement (CEPA) aimed at doubling bilateral trade to USD 50 billion by 2030.
The agreement was announced after a meeting between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney on the sidelines of the G20 Leaders’ Summit in Johannesburg.
India is the world’s fifth largest economy, and that means big new opportunities for Canadian workers and businesses, said Carney on X.
“We have set a target of 50 billion USD by 2030 for our bilateral trade,” wrote Modi on X, stating that there has been “significant momentum” in bilateral ties of both the countries since their earlier meeting held during the G7 Summit hosted by Canada.
The meeting marked a continuation of positive momentum since their June 2025 G7 meeting in Canada, with discussions on long-term collaboration, including civil nuclear cooperation and uranium supply arrangements.
Earlier on Saturday, India and Canada along with Australia officially launched a new trilateral technology and innovation partnership, named the Australia-Canada-India Technology and Innovation Partnership (ACITI).
This trilateral tech partnership aims at enhancing cooperation in critical minerals, clean energy, and artificial intelligence (AI).
“The initiative will draw on the natural strengths of the three countries and have an emphasis on green energy innovation and building resilient supply chains, including in critical minerals,” said the three governments in a joint statement.
