Summary
India and Canada plan to finalize a free trade agreement by the end of the year to strengthen their economic relationship. They also agreed on a uranium supply deal to support India's nuclear energy plans. The leaders discussed enhancing cooperation in defense, clean energy, and critical minerals.
Key Facts
- India and Canada aim to finish a free trade agreement by the end of this year.
- The trade agreement seeks to increase bilateral trade to $50 billion by 2030.
- Canada and India agreed on a $2.6 billion deal for the long-term supply of uranium.
- The countries plan to work on small modular nuclear reactors and advanced reactors.
- India and Canada are strengthening cooperation in defense and maritime awareness.
- Canada and India are diversifying trade away from the United States.
- The leaders' meeting reflects a thaw in relations after diplomatic tensions in 2023.
