US EditionIndia and Canada agree to boost economic partnership in a move to reset ties
India and Canada agreed on a $2.6 billion uranium supply deal supporting India’s goal to increase nuclear power capacity elevenfold by 2047, with trade talks targeting $50 billion by 2030.
- India and Canada agreed to finalize a comprehensive economic partnership to increase bilateral trade to $50 billion by 2030.
- The two countries signed a nuclear agreement under which Canada will supply uranium to India, and will work together on areas like defense industries and maritime domain awareness.
- Canada's Prime Minister Mark Carney said Ottawa and New Delhi would deepen engagement across defense, security, artificial intelligence and space technologies as part of Canada's effort to diversify trade away from the United States.
123 Articles
123 Articles
Canada, India clinch critical mineral deal
India and Canada on Monday reached a string of agreements, including on critical mineral cooperation and a "landmark" uranium supply deal for nuclear power, the countries' leaders said in New Delhi. The pacts, which also covered technology and promoting the use of renewable energy, were announced after Prime Minister Narendra Modi and his Canadian counterpart Mark Carney hailed a fresh start in the relationship between their nations. "Our ties h…
India, Canada ink $2.6 bn uranium supply pact, vow to expand trade to $70 bn - The Tribune
Deal comes 51 years after India’s 1974 Pokhran-I test, which used plutonium from the Canadian-supplied CIRUS reactor and led to a sharp diplomatic fallout between the two countries.
After years of diplomatic tensions, Canada and India announced a series of major trade agreements on Monday, March 2, following Canada's Prime Minister Mark Carney's official visit to New Delhi. Ottawa and New Delhi intend to strengthen their cooperation in key areas such as rare earths and uranium to counter Chinese competition and the US trade war.
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