India and Canada will hold the next round of negotiations for their proposed free trade agreement in Ottawa in July, the Commerce Ministry said. The session follows the second round of talks in New Delhi that ended May 8 under the Comprehensive Economic Partnership Agreement CEPA. Negotiators will cover trade in goods and services, intellectual property, rules of origin, and technical and sanitary barriers. The pact is aimed at raising bilateral trade to $50 billion by 2030, up from $8.66 billion in 2024-25.
Commerce Minister Piyush Goyal plans to visit Canada next month to speed up negotiations for a free trade agreement. India and Canada are working toward finalizing a Comprehensive Economic Partnership Agreement soon. Talks are also underway with Chile and Peru, while India’s FTAs with Gulf Cooperation Council countries continue with adjustments linked to regional conflicts.
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Gold volumes in GIFT City are plunging even as prices rise, according to reports. In FY26, frequent changes in allocation rules and legal disputes over Tariff Rate Quota under the UAE CEPA have disrupted trading at the bullion exchange. Market participants say the uncertainty around import quota mechanics is deterring orders and slowing liquidity when it’s needed most.
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