Canada-India trade talks reach a third round, with a 2026 target

Canada and India are negotiating a Comprehensive Economic Partnership Agreement (CEPA). Prime Ministers Mark Carney and Narendra Modi agreed to launch the talks on 23 November 2025. Canada then ran public consultations from 13 December 2025 to 27 January 2026, and both sides signed the Terms of Reference on 2 March 2026. Three formal rounds have now concluded: the second in New Delhi (4 to 8 May 2026) and the third in Ottawa (6 to 10 July 2026). Both governments say they aim to conclude the negotiations in 2026, with a longer-term goal of about $50 billion in two-way trade by 2030. For now, nothing has changed at the border. There is no agreement in force, so goods of Indian origin are still classified and dutied under the current Canadian Customs Tariff, and two-way trade actually fell about 8 percent in 2025-26. If a deal is reached, it could phase out tariffs on many products and set new rules of origin, but only after the text is signed, ratified, and given an entry-into-force date.