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India–Canada Comprehensive Economic Partnership Agreement

1 min read Source: The Hindu
All exams GA
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Context: India and Canada reaffirmed their commitment to conclude negotiations for a Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026.

Key Features

Key FeatureMain Points
CEPA by 2026Conclude negotiations by year-end 2026
Trade ExpansionIncrease bilateral trade to about CAD 70 billion by 2030
Investment ProtectionBegin BIT negotiations for greater investor certainty and protection
Digital Payments & FintechCooperation in UPI, remittances, fintech, capital markets, financial stability & financial crime prevention
Strategic InvestmentsFocus on critical minerals, AI, technology, infrastructure, energy & resilient supply chains, with greater Canadian institutional and pension fund participation

What CEPA Is

  • A broad trade and economic agreement aimed at:
    • Liberalising trade
    • Promoting investment
    • Strengthening financial and commercial ties
  • Aim: expand bilateral trade and investment, reduce trade barriers, deepen financial cooperation, and create a predictable framework for businesses and investors.
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