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Commerce and Industry Minister Piyush Goyal on Monday said India and Canada are soon to start discussions on the Terms of Reference (ToR) to formally start negotiations for a free trade agreement. The two countries were earlier negotiating a trade pact but it was paused by Canada in 2023. "We are soon going to launch discussions for the terms of reference with Canada also," Goyal said here, talking to the media about the conclusion of negotiations for the India-New Zealand free trade agreement. The terms of reference outline the scope and modalities of a proposed trade pact. He also said India has so far finalised FTAs with three members of the Five Eyes (FVEY) alliance - Australia, UK and New Zealand. The five countries of the intelligence sharing network are Australia, Canada, New Zealand, the UK, and the US. India is at an advanced stage of negotiations for a bilateral trade agreement with the US, he said adding "this reflects the growing strategic importance of India in world
Canada and the US will launch formal discussions to the review their free trade agreement in mid-January, the office of Canadian Prime Minister Mark Carney said. The prime minister confirmed to provincial leaders that Dominic LeBlanc, the country's point person for US-Canada trade relations, will meet with US counterparts in mid-January to launch formal discussions," Carney's office said in a statement late Thursday. The United States-Mexico-Canada trade pact, or USMCA, is up for review in 2026. US President Donald Trump negotiated the deal in his first term and included a clause to possibly renegotiate the deal in 2026. Carney met with the leaders of Canada's provinces on Thursday to give them an update on trade talks with the US. Canada is one of the most trade-dependent countries in the world, and more than 75 per cent of Canada's exports go to the country's southern neighbour. But most exports to the US are currently exempted by USMCA. Trump cut off trade talks to reduce tarif
The Delhi Police has arrested a suspected gangster allegedly involved in the firing at comedian Kapil Sharma's restaurant in Canada, an official said on Friday. The accused, Bandhu Man Singh, is a close associate of Canada-based gangster Goldy Dhillon, who is believed to be involved in multiple extortion rackets targeting businessmen and high-profile individuals abroad, he added. According to investigators, Singh was coordinating with Dhillon's network and part of a broader conspiracy to target the popular artist's restaurant as an act of intimidation. A senior police officer said the arrest followed specific intelligence inputs. "A Chinese pistol along with cartridges was recovered from his possession. His role in the conspiracy and his links with overseas operatives are being further probed," the officer said. Further investigation is underway to identify additional conspirators and ascertain the extent of the gang's activities in India and abroad, officials said.