# India and Canada Target Trade Deal Ahead of December Summit

- URL: https://stocks.freetheai.org/news/india-and-canada-target-trade-deal-ahead-of-december-summit-9a9150
- Published: 2026-10-17T04:16:22Z
- Category: macro; sentiment: bullish; impact: medium
- Symbols: [NSE:IDBI](https://stocks.freetheai.org/symbols/NSE-IDBI)
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India and Canada are working to finalize a bilateral trade agreement ahead of Indian Prime Minister Narendra Modi's scheduled visit to Canada on December 11-12. Canadian International Trade Minister Maninder Sidhu announced that negotiating teams will meet in New Delhi on November 9 to conclude the agreement before focusing on a separate investment treaty.

The proposed agreement aims to expand cross-border commercial ties. Canada seeks greater export access for minerals, fertilizers, aerospace, and advanced manufacturing products. Meanwhile, India aims to increase market access for its apparel, footwear, furniture, and IT services sectors. The effort builds on growing financial ties, including a $5.6 billion deal by Canadian holding firm Fairfax to acquire a controlling stake in IDBI Bank Limited (NSE:IDBI), alongside roughly $107 billion invested by Canadian financial institutions in Indian infrastructure, healthcare, and technology.

Negotiators will gather on November 9 in New Delhi for the final trade talks. Following the trade agreement, both nations plan to address a bilateral investment treaty, where key discussions will center on tax framework exclusions requested by India.

## Key points

- India and Canada plan to conclude trade agreement negotiations before Prime Minister Narendra Modi's December 11-12 visit.
- Negotiators will meet in New Delhi on November 9 for the final round of trade talks before addressing a bilateral investment treaty.
- Canada aims to boost exports in minerals, fertilizers, and aerospace, while India seeks greater access for apparels, IT services, and furniture.
- Canadian financial firm Fairfax made a $5.6 billion investment to acquire a controlling stake in IDBI Bank Limited (NSE:IDBI).

## Questions and answers

### When are India and Canada expected to sign the trade deal?

The two countries aim to conclude negotiations ahead of Prime Minister Narendra Modi's scheduled visit to Canada on December 11-12, with a final negotiation round set for November 9 in New Delhi.

### What key sectors are included in the India-Canada trade negotiations?

Canada seeks higher exports in minerals, fertilizers, aerospace, and advanced manufacturing. India aims for expanded market access in textiles, footwear, furniture, and IT services.

### How much has Canada invested in IDBI Bank?

Canadian financial holding company Fairfax invested $5.6 billion to acquire a controlling stake in IDBI Bank Limited.