India, Canada ink uranium deal as Carney meets Modi, Pg1

Key Highlights:

• India and Canada signed a $1.9 billion, 10-year uranium supply deal for Indian nuclear reactors.
• Both countries agreed to finalize the Comprehensive Economic Partnership Agreement (CEPA) by the end of this year.
• Strategic Energy Partnership was established, covering renewable energy, LPG, and uranium.
• Canada will join the International Solar Alliance (ISA) and Global Biofuel Alliance.

Detailed Insights:

• The visit aimed to reset strained relations due to concerns over Khalistani groups and accusations of Indian involvement in transnational repression.
• The Terms of Reference for the CEPA negotiations were issued, targeting a doubling of bilateral trade by 2030.
• Discussions included the conflict in West Asia, with PM Modi advocating for diplomacy and dialogue.
• Both nations committed to strengthening security cooperation, addressing violent extremism, terrorism, and organized crime.

Key Concepts Involved:

• CEPA (Comprehensive Economic Partnership Agreement): A free trade agreement aimed at reducing barriers to trade and investment between two countries.
• International Solar Alliance (ISA): An initiative promoting solar energy development and deployment globally.
• Global Biofuel Alliance: An initiative promoting cooperation and advancement in sustainable biofuels.