In a major structural shift in diplomatic ties, Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney have agreed to fast-track negotiations and officially conclude their Comprehensive Economic Partnership Agreement (CEPA) by November 2026. Meeting for the fourth time within a single year, the two leaders effectively turned the page on past diplomatic friction, establishing an ambitious bilateral trade target of $50 billion by the year 2030. Plans are currently underway for PM Modi to make an official state visit to Canada later this year for the final signing ceremony. Key components of this strategic partnership extend beyond standard merchandise trade, focusing heavily on long-term commercial energy arrangements for Liquefied Natural Gas (LNG), LPG, and metallurgical coal. The deal also introduces cooperation frameworks for critical minerals, nuclear reactors, and a joint maritime intelligence-sharing agreement.