India-Canada CEPA talks target CAD 70 bn trade by 2030
By the PH Logistics India trade desk
Formal CEPA negotiations between India and Canada began after the Canadian prime minister’s visit in Feb‑Mar 2026. Both sides plan to wrap up the talks by the end of 2026 and set a target of CAD 70 bn (₹4.65 lakh crore) in trade by 2030.
Key facts
- Negotiations launched after the Canadian PM’s Feb‑Mar 2026 visit.
- Goal: reach CAD 70 bn bilateral trade by 2030.
- Both countries aim to conclude talks by end‑2026.
- India seeks more LNG, LPG, crude oil and uranium imports.
- Canada seeks removal of Indian tariff and non‑tariff barriers.
Background to the CEPA talks
The two governments agreed to deepen trade and investment through a Comprehensive Economic Partnership Agreement (CEPA). The joint leaders’ statement highlights energy, agriculture, technology, education and resilient supply chains as priority areas.
India’s agenda focuses on energy security, critical minerals, clean‑tech and advanced manufacturing, while Canada is pushing for greater market access for its goods and services, clearer customs rules and stronger investment protection.
What this means for exporters and importers in Punjab
If tariff and non‑tariff barriers are reduced, exporters in Punjab – such as textile, auto‑parts and furniture makers – could find Canadian buyers more reachable, potentially expanding sales volumes.
Importers of energy inputs in North India may benefit from easier access to Canadian LNG, LPG, crude oil and uranium, supporting local manufacturing and power generation.
The emphasis on digital trade, intellectual‑property and services could also open opportunities for Indian tech firms and professional service providers to enter the Canadian market under clearer rules.
What you can do now
- Check the HS codes of your products with your customs broker to see how they may be classified under a future CEPA.
- Monitor updates on tariff schedules and rules of origin for Canada‑India trade.
- Prepare documentation on product specifications and value‑addition now, so you can claim preferential treatment if the agreement is signed.
- Engage with Canadian buyers early to understand any new market‑access requirements.