India and Canada establish India-Canada Defence Dialogue and set $50 billion bilateral trade target by 2030

Key facts

• Prime Minister Narendra Modi and visiting Canadian Prime Minister Mark Carney announced the launch of the India-Canada Defence Dialogue after talks in New Delhi.
• Both countries set a bilateral trade target of $50 billion to be achieved by 2030.
• A long-term uranium supply agreement was announced between India and Canada.
• Three Memorandums of Understanding on Critical Mineral Cooperation, Promoting the use of Renewable Energy, and Cultural Cooperation were exchanged by Canadian Foreign Affairs Minister Anita Anand and External Affairs Minister S Jaishankar.
• India and Canada agreed to create the India-Canada Pulse Protein Centre of Excellence in India.
• Canadian Space Agency and Indian Space Research Organisation (ISRO) agreed to cooperate on Earth observation and explore joint initiatives on space exploration and quantum technologies.
• Both nations will advance cooperation on security and law enforcement, focusing on illegal flow of drugs including fentanyl precursors and transnational organised criminal networks.
• Canada and India will conclude a new Comprehensive Economic Partnership Agreement (CEPA) this year following finalisation of Terms of Reference.