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International 1 min read

India and Canada Sign $1.9 Billion Uranium Supply Deal, Agree to Restart CEPA Talks

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India and Canada have signed a $1.9 billion agreement for the supply of 10,000 tonnes of uranium between 2027 and 2035 to fuel India's nuclear power plants.

  • The uranium will come from the Canadian company Cameco, supporting India's clean energy and nuclear power programme.
  • The two sides agreed to resume negotiations on a Comprehensive Economic Partnership Agreement (CEPA), targeting $50 billion in bilateral trade by 2030.
  • Canada will join the International Solar Alliance and the Global Biofuel Alliance.
  • Cooperation in counter-terrorism, security, energy and technology will also be stepped up.