New Delhi, March 3 -- India and Canada have formally launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA), signalling a renewed push to deepen bilateral economic ties.

The officials from two sides who met in New Delhi this week expect to finalise the agreement soon.

The Terms of Reference (ToR) for the CEPA were signed by Piyush Goyal, Minister of Commerce & Industry, and Maninder Sidhu, Canada's Minister of International Trade. The documents were exchanged in the presence of Prime Minister Narendra Modi and Prime Minister Mark Carney at Hyderabad House.

Target: USD 50 Billion Bilateral Trade by 2030

Prime Minister Modi highlighted an ambitious target of achieving USD 50 billion in bilateral trade by 2030, s...