Modi and Carney speak to conclude trade agreement aiming to double $23 billion trade
GS2Polity · Governance · IR· India's bilateral relations· Prelims + Mains·
Trade liberalization and bilateral cooperation: a relevant GS2 International Relations case study.
Why in news
Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney held a phone call to conclude a trade agreement aimed at doubling two-way trade by 2030.
Background
India and Canada aim to double their two-way trade from $23 billion (2025 level) by 2030 via a Comprehensive Economic Partnership Agreement (CEPA). The leaders discussed cooperation in trade, energy, technology, security, and people-to-people ties.
Facts for Prelims
- BodyComprehensive Economic Partnership Agreement (CEPA): The framework for the proposed India-Canada trade deal.
- PostMark Carney: Prime Minister of Canada (as per the article date Oct 2026).
- PlaceOttawa: Destination of PM Modi's scheduled visit in December 2026.
Prelims practice question
Which framework is being used to facilitate the proposed trade deal between India and Canada?
- (a)Comprehensive Economic Partnership Agreement (CEPA)
- (b)Strategic Trade Partnership Agreement (STPA)
- (c)Free Trade Agreement (FTA)
- (d)Economic Cooperation Treaty (ECT)
Show answer
Answer: (a) Comprehensive Economic Partnership Agreement (CEPA) — The note identifies CEPA as the framework for the proposed India-Canada trade deal.
For Mains
Q. Examine the significance of India's growing engagement with 'middle powers' in the context of shifting global dynamics and superpower unilateralism.
Dimensions to cover in your answer
- Strategic diversification: Reducing over-dependence on superpowers by strengthening ties with middle powers like Canada and Australia.
- Economic integration: Leveraging CEPA to enhance trade in high-growth sectors like energy and technology.
- Multilateralism: India's role in co-sponsoring the 'Partnership for Multilateralism' to counter unilateralism.
Keywords: Strategic Partnership · Middle Power · Multilateralism · Trade Liberalization
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.