India and Canada will hold the next round of negotiations for the Comprehensive Economic Partnership Agreement (CEPA) in July 2026 in Ottawa, as announced by India's Commerce Ministry. Following the conclusion of the second round of talks on May 8, both countries reaffirmed their commitment to a balanced and mutually beneficial agreement aimed at enhancing bilateral trade and economic relations. Key topics discussed during the five-day talks included trade in goods and services, intellectual property, and technical barriers to trade. The two nations have set an ambitious target to increase bilateral trade to $50 billion by 2030, up from $8.66 billion recorded in 2024-25. Major exports from India to Canada encompass pharmaceuticals, iron and steel, and electronic goods, while Canada imports pulses, coal, and petroleum crude from India. The negotiations are seen as crucial, especially with Canada being home to a significant Indian diaspora, including over 425,000 students.