Why is it in the news?
The Prime Minister of Canada, Mark Carney, visited India marking a strategic reset in bilateral relations after the 2023–24 diplomatic tensions.
The visit focused on restoring cooperation in trade, defence and strategic partnerships.
Category: International Relations
Important Points:
● India and Canada relaunched negotiations on the Comprehensive Economic Partnership Agreement (CEPA).
● Both countries set a target to double bilateral trade to USD 50 billion by 2030.
● India signed a USD 2.6 billion long-term agreement with Canada’s Cameco for Uranium Ore Concentrates.
● The deal supports India’s target of achieving 100 GW nuclear power capacity by 2047.
● MoU signed to strengthen critical mineral supply chains and clean energy cooperation.
● Canada announced joining the International Solar Alliance (ISA) and Global Biofuels Alliance (GBA).
● First India–Canada Defence Dialogue launched to enhance security cooperation.
● AICTE and Canada’s Mitacs signed an MoU for 300 fully funded research internships for Indian students.
● A Joint Pulse Protein Centre of Excellence will be established at NIFTEM-Kundli for food innovation.