Trade Talks Reset: India and Canada To Seal Pact Roadmap During Carney Visit
18 Feb 2026 7:18 PM IST18 Feb 2026 7:18 PM IST
The official said that the two sides are engaged in finalising the ToR for a mutually beneficial trade agreement.
India and Canada are expected to finalise terms of reference for initiating talks for a free trade agreement (FTA) during the visit of Canadian Prime Minister Mark Carney to India next month, an official said. (Photo: X)
New Delhi: India and Canada may finalise the terms of reference (ToR) for launching negotiations on a free trade agreement (FTA) during the visit of Canadian Prime Minister Mark Carney to India next month, an official said.
The ToR will define the scope and modalities of the proposed trade pact. Earlier negotiations were paused by Canada in 2023. Both sides have now decided to resume discussions from the beginning in view of changes in the global trade environment.
The official said the two countries are engaged in finalising a mutually beneficial framework and that the ToR is expected to be concluded during the Prime Minister’s visit.
India has appointed Joint Secretary in the Department of Commerce Brij Mohan Mishra as its chief negotiator, while Canada has named Bruce Christie to lead its side.
India’s exports to Canada rose 9.8 per cent to $4.22 billion in 2024-25 from $3.84 billion in 2023-24. Imports declined 2.33 per cent to $4.44 billion from $4.55 billion in the previous fiscal. Bilateral trade in goods and services stood at $18.38 billion in 2023.
( Source : Deccan Chronicle )
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