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India and Canada Move Closer to a Big Trade Deal

The fifth round of trade talks between India and Canada starts on October 5.

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Key Points

7 points
1

Fifth round of negotiations begins on October 5.

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Goal: finish the Comprehensive Economic Partnership Agreement before year‑end.

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Current trade value: roughly thirty‑four billion dollars.

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Target trade value: more than seventy billion dollars by 2030.

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India’s key exports: medicines, iron and steel, seafood, cotton garments, electronics, chemicals.

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Canada’s key exports: pulses (beans), pearls, semi‑precious stones, coal, fertilizers, paper, crude petroleum.

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Service exports from India include telecommunications, computer and information services, and other business services.

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Summary

Negotiators aim to complete the Comprehensive Economic Partnership Agreement by the end of the year.

Bilateral trade is currently about thirty‑four billion dollars and could rise to over seventy billion dollars by 2030.

India mainly exports medicines, metal products, seafood, clothing, electronic goods and chemicals, while Canada exports beans, pearls, semi‑precious stones, coal, fertilizers, paper and crude oil.

India also provides services such as telecommunications, computer and business services to Canada.

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New Words to Learn

12 words
Comprehensive Economic Partnership Agreement
a detailed agreement that sets rules for how two countries will trade goods and services with each other
bilateral
involving two sides or countries
pharmaceuticals
medicine products used to treat illnesses
iron and steel
strong metals used to make buildings, machines, and tools
cotton garments
clothing made from soft cotton fabric
electronics
devices that use electricity, such as phones and computers
pulses
edible seeds like beans, lentils, and peas
semi‑precious stones
valuable but not rare stones used in jewelry
fertilizers
substances added to soil to help plants grow
crude petroleum
raw oil taken from the ground before it is refined into fuel
telecommunications
technology that lets people talk and send information over long distances
information services
businesses that handle data, computers, and digital communication
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