Unlocking India-Canada Bilateral Trade: A Provincial Framework for a Successful CEPA
Canada’s relationship with India is often told as a single national story. This report argues it is ten stories at once. It examines how Canada’s provinces, each with a distinct industrial base, resource endowment, and set of India-facing opportunities, are quietly driving one of the most consequential bilateral relationships of the coming decade.
India-Canada Bilateral Trade Relations: Trends, Opportunities, and the Path to CEPA
India-Canada bilateral trade reached CAD 30.9 billion in 2024 but remains underutilized. Despite 2023 diplomatic tensions, economic ties proved resilient. A proposed Comprehensive Economic Partnership Agreement (CEPA) could add CAD 8.8 billion in trade by 2035. Priority sectors include pharmaceuticals, critical minerals, agriculture, IT services, and clean energy, offering mutual strategic benefits.