Canada, India Agree on $2.8 Billion Uranium Deal for Decade
AI Summary1 min read
TL;DR
Canada and India have agreed on a $2.8 billion uranium supply deal over 10 years, part of broader nuclear cooperation. This supports efforts to double bilateral trade to $50 billion by 2030, improving ties as Canada diversifies trade.
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CanadaIndiaUranium DealNuclear CooperationBilateral Trade
Canada is set to finalize a deal to supply India with uranium, valued at $2.8 billion, in a decade-long arrangement. The agreement is part of a wider framework for nuclear cooperation between the two nations. The deal comes after the two countries agreed to restart trade talks for a new deal, aiming to double bilateral trade to $50 billion by 2030. The resumption of discussions marks an improvement in ties between India and Canada, driven by Ottawa's efforts to broaden its trade relationships beyond the US.
