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'CEPA negotiations deal with things like tariffs,' says Canadian High Commissioner Chris Cooter

Channel: ThePrint Published: 2026-06-22 04:11
ThePrint

Canadian High Commissioner Chris Cooter said a CEPA deal with India by year-end is realistic because the political will is there, negotiators have already been working, and businesses on both sides want a larger trade relationship. He framed the agreement as more than tariff reduction: it should expand trade, protect IP, and signal that both countries are open for business.

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Detailed summary

This short interview centers on Canada-India trade negotiations, especially the proposed Comprehensive Economic Partnership Agreement (CEPA). Chris Cooter argues that the year-end target for concluding negotiations is realistic because both prime ministers want the deal, negotiators have already been active over the last few months, and there is broad business support behind it. He repeatedly frames the relationship as underdeveloped relative to the size of the two economies, pointing to the opportunity for much larger trade and investment flows. Cooter’s core thesis is that CEPA would not just lower tariffs, but serve as a broader signal of intent. He says it would cover practical frictions such as tariffs, help protect intellectual property, and support sectors like advanced manufacturing, research, agriculture, critical minerals, defense, and aerospace. …

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Main takeaways

  1. Cooter says the CEPA deadline is realistic, not aspirational.
  2. The biggest driver is political will from both prime ministers.
  3. The business community on both sides wants a larger relationship.
  4. CEPA is framed as broader than tariffs: it includes IP and signaling.
  5. Trade and investment are far below the two countries’ potential.
  6. Likely beneficiaries include agriculture, critical minerals, defense, and aerospace.

Market read by horizon

Short term

Tactically, the setup is mildly constructive for India-Canada trade-sensitive sectors if CEPA headlines keep improving, but the trade is still headline-driven and vulnerable to delays or diplomatic noise.

  • The immediate catalyst is the G7-side commitment by Modi and Trudeau to push CEPA by year-end.
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  • Near-term focus is whether negotiators keep momentum and turn political support into text.
  • Watch for follow-up statements, visits, or technical rounds that confirm the timeline.
Mid term

Over the next few months, the base case is incremental negotiation progress and stronger business signaling, with validation coming from concrete milestones rather than rhetoric. If talks stall or the bilateral mood deteriorates, the optimism case loses force quickly.

  • Over the next few months, the base case is gradual progress in negotiations if both governments stay aligned.
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  • Confirmation would come from visible negotiating milestones and clearer business participation.
  • The relationship could broaden beyond traditional trade into IP, manufacturing, research, and investment.
Long term

Structurally, the interview points to a potentially larger India-Canada trade regime built on freer trade, IP protection, and cross-border investment. The lasting thesis is underpenetrated bilateral commerce, but it depends on sustained political alignment and execution.

  • Structurally, the interview presents India-Canada ties as an underpenetrated trade corridor with room to grow.
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  • The durable thesis is that two large economies can mutually benefit from freer trade and larger institutional links.
  • If CEPA succeeds, it may establish a longer-run regime of deeper investment, more supply-chain integration, and stronger policy signaling.
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Key claims (4)

BULLISH India-Canada trade

Concluding the India-Canada CEPA by the end of this year is realistic.

The speaker argues that both prime ministers want the agreement, negotiators have already been discussing it for months, and there is strong political and business support behind it.

BULLISH India-Canada trade

The current commercial relationship between Canada and India is modest relative to the size of the two economies, leaving substantial untapped potential in sectors like critical minerals, defense, and aerospace.

He points to the existing investment base and trade links but says the relationship is far below what the scale of the economies would justify, especially in specific strategic sectors.

BULLISH India-Canada trade

A CEPA between India and Canada will likely expand bilateral trade materially, with both sides aiming to double trade by 2030.

The speaker says trade is currently respectable but much too small relative to the scale of the two economies, and that the two prime ministers have already set a doubling target for 2030.

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Assets discussed (7)

CEPA
BULLISH other

Presented as a beneficial trade agreement that should expand commerce, reduce frictions, and signal openness for business.

Canada-India trade
BULLISH other

Speaker argues current trade is too small relative to potential and should grow substantially.

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Speakers

INTERVIEWER Interviewer (ThePrint) GUEST Various speakers (ThePrint)

Interview (1 Q&A)

CEPA timeline

How realistic is it to conclude the CEPA by the end of the year, and what are your expectations?

He says the timeline is very realistic because both prime ministers want it, negotiators have been actively discussing it, and the political will is there. He also argues that business communities on both sides want it and see strong commercial potential.

Where this transcript pushes against consensus

  • The interview offers no detailed evidence that negotiations are close beyond stated political will.
  • The $109 billion Canadian investment figure is asserted quickly and not sourced in the conversation.
  • The claim that the timeline is 'very realistic' rests mostly on optimism, not on named unresolved negotiation issues.
  • The speaker does not address potential political obstacles, domestic backlash, or sector-specific trade disputes.

Topics

India-Canada tradeCEPA negotiationstariffsinvestment flowsfree tradeintellectual propertycritical mineralsdefenseaerospacebusiness signaling

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