Canada Seeks India Alliance: Uranium, Energy, Critical Minerals Deals Expected

Europe
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News18•26-01-2026, 18:20
Canada Seeks India Alliance: Uranium, Energy, Critical Minerals Deals Expected
- •Canadian PM Mark Carney to visit India in early March, aiming to 'reset' strained ties after Justin Trudeau's tenure.
- •Canada seeks to reduce economic dependence on the US due to tariff threats, viewing India as a crucial middle power ally.
- •Major deals expected in energy, including a 10-year uranium supply agreement worth ₹17,000 crore, and critical minerals like lithium and cobalt.
- •Agreements on Artificial Intelligence (AI) and Quantum Computing are also anticipated during Carney's visit.
- •Both nations will resume Free Trade Agreement talks in March, with a Comprehensive Economic Partnership Agreement possible within a year.
Why It Matters: Canada, facing US trade pressures, is actively pursuing a strategic economic and diplomatic partnership with India.
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