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India Wants Minerals, Canada Wants Markets: The Big Trade Deal Explained

India Wants Minerals, Canada Wants Markets: The Big Trade Deal Explained

Geeta Mohan
Geeta Mohan
  • New Delhi,
  • Oct 15, 2026,
  • Updated Oct 15, 2026, 12:54 PM IST

 

India and Canada are pushing to deepen economic ties, with a proposed Comprehensive Economic Partnership Agreement (CEPA) aiming to raise bilateral trade from C30.4billionin2025toC70 billion by 2030. The negotiations could open opportunities in energy, LNG, critical minerals, aerospace, technology and supply chains. India wants resources and investment to support its manufacturing ambitions, while Canada is looking to expand exports and diversify beyond its heavy dependence on the US market. With negotiations underway and both sides targeting a deal by the end of 2026, the key question is whether these ambitions can translate into real business opportunities.