India and Canada push ahead with energy pact as CEPA talks near completion
Negotiators from India and Canada will meet in New Delhi for the sixth round of CEPA talks, aiming to seal a comprehensive free-trade agreement and a two-way energy supply chain.
India and Canada are accelerating talks on a Comprehensive Economic Partnership Agreement, with a sixth round of negotiations scheduled in New Delhi early next month. The two governments aim to conclude the pact before Prime Minister Narendra Modi’s expected December visit to Canada. A central element of the discussions is a bilateral energy corridor: Canada would supply crude oil and natural gas, while India would provide refined fuels and petrochemicals.
Canada’s oil sands, among the world’s largest reserves, complement India’s status as the third-largest crude consumer and a major refining hub. Both parties see the arrangement as a way to address Canada’s logistical challenges in processing heavy crude and to secure reliable fuel supplies for India. Trade officials note that most major issues in the CEPA have been resolved, targeting a two-way trade value of about Canadian $70 billion by 2030.
Why it matters
The deal could reshape energy flows between two major economies and boost bilateral trade to new levels.
How this story developed
- Oct 14 US Secretary Rubio heads commercial delegation to Central Asia and India this week
- Oct 16 The Ministry confirmed the October 20 meeting between Rubio and Jaishankar.
- Oct 20 The United States announced a 60‑day reprieve on sanctions targeting buyers of Russian oil.
- Oct 21 Rubio held a trilateral meeting with India’s external affairs minister and the UAE foreign minister on regional energy security.
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