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Canada-India Trade Deal: Energy & Minerals on Table
19 Sep
Summary
- Canada aims to finalize economic pact with India by year's end.
- Energy sector cooperation, including LNG, is a key focus.
- Indian firms eye investments in Canada's critical minerals.
Canada anticipates concluding a significant economic partnership agreement with India by the close of the year. Trade Minister Maninder Sidhu expressed strong optimism about the upcoming negotiations, highlighting potential meetings next month and in December.
The discussions are heavily focused on the energy sector, with specific attention given to liquefied natural gas (LNG) projects. Canada is seeking Indian firms to access and invest in these developments, aiming to secure supply chains.
Beyond LNG, both countries are exploring expanded cooperation in nuclear energy, leveraging Canada's extensive experience. Furthermore, major Indian corporations are reportedly considering substantial investments in Canada's critical mineral projects to enhance their supply chain security.
