What happened:
On March 2, India and Canada formally launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in New Delhi. The Terms of Reference were signed by Piyush Goyal and Maninder Sidhu in the presence of Narendra Modi and Mark Carney.
Why it matters:
Both sides set a target of USD 50 billion in bilateral trade by 2030, with the CEPA expected to boost trade in goods and services, deepen economic integration and strengthen diaspora and people-to-people ties.