Canada and India are nearing the finalisation of an export agreement valued at approximately US$2.8 billion, according to the Globe and Mail, which cited sources familiar with the negotiations.
If completed, the deal would allow Canada to export uranium to India for 10 years. Canada’s Cameco Corp is expected to be the supplier. This agreement might be part of a broader nuclear cooperation between the two nations.
The Indian government, along with the Indian Trade Ministry, and the Canadian government and Trade Ministry, did not immediately comment to Reuters, and the report’s accuracy couldn’t be independently verified. During the G20 summit in Johannesburg, Prime Minister Mark Carney met with Indian Prime Minister Narendra Modi on Sunday.
The Indian government announced that the two countries agreed to resume talks on a new trade deal, which had been halted after a diplomatic conflict two years ago.
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According to a statement from India’s Prime Minister’s Office, The leaders agreed to negotiate a high-ambition Comprehensive Economic Partnership Agreement (CEPA) aimed at doubling bilateral trade to USD 50 billion by 2030.
