India and Canada Pledge Trade Expansion Amid Diplomatic Rebound
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India and Canada have strengthened ties, finalizing agreements on critical minerals and uranium supply, and aiming to conclude a free trade deal by the end of the year.
Prime Minister Narendra Modi and Canadian counterpart Mark Carney pledged to expand trade and deepen security cooperation during Carney's four-day visit to India.
The two countries have agreed to increase two-way trade, with a goal of reaching $50 billion in trade by 2030.
India's Department of Atomic Energy and Canada's Cameco signed a $2.6-billion agreement for the supply of 22 million pounds of uranium ore during 2027-2035.
The two sides also decided to launch the India-Canada Defence Dialogue and agreed to work together on small modular reactors and advanced conventional reactors.
Canada will join the International Solar Alliance and the Global Biofuel Alliance, and the two sides will organize a bilateral Renewable Energy and Storage Summit this year.
