Q1. Consider the following statements regarding the India Canada Comprehensive Economic Partnership Agreement: 1. India and Canada have agreed to conclude the CEPA by November 2026 ahead of the Group of Twenty Leaders Summit. 2. Both countries are targeting to triple bilateral trade to US dollar 50 billion by 2030 under the new agreement. Which of the statements given above is/are correct?
Explanation
Both statements are correct. India and Canada agreed on 26 May 2026 to advance the timeline for concluding CEPA to November 2026 from December so that the agreement can be delivered before the Group of Twenty Leaders Summit. Both countries are also targeting tripling of bilateral trade to US dollar 50 billion by 2030.
