Canada Moves to Boost India Trade Ties as PM Mark Carney Pushes New Global Strategy

Canada is moving to strengthen its trade ties with India. Prime Minister Mark Carney said the shift will help Canada reduce its reliance on the United States. He shared the plan in a recent year-end interview. The comments came as both countries prepare for new trade talks. The main keyword Canada India trade fits the core theme.Carney said the effort is in Canada’s long-term interest. He explained that Canada must build wider economic links. He added that India is a key partner for this plan. According to Reuters, Carney also noted that the United States respects Canada’s outreach to other major economies.

Canada India Trade Talks Aim to Reset Ties

Carney took office in March 2025. He began a slow reset in Canada’s relationship with India soon after. The two leaders met during the G7 summit in Kananaskis in June. They met again at the G20 summit in Johannesburg and confirmed a new plan. Both sides said they will start talks toward a comprehensive economic partnership agreement.The Canadian Prime Minister’s Office said the deal could double trade by 2030. The goal is to reach CA$70 billion in two-way trade. Officials said the plan will act as a strong anchor for future ties. India and Canada tried to build a trade pact before. That push shifted to an Early Progress Trade Agreement in 2022. Talks later paused in 2023 after diplomatic tensions rose.Relations cooled after claims made by then prime minister Justin Trudeau in parliament. India denied those claims. The link later caused deep strain between the two nations. The new talks mark the first real recovery since that period. Carney said Canada needs to “grow other relationships” beyond the U.S. and sees India as central to that goal.

Canada Moves to Boost India Trade Ties as PM Mark Carney Pushes New Global Strategy

Broader Impact of Renewed Canada India Trade Efforts

A stronger Canada India trade path could reshape Canada’s global role. It may also open more markets for Canadian goods. Many analysts say the move will help Canada balance global risks. India’s fast economic growth creates a major chance for Canadian exporters.Carney also noted stronger links with China, the EU and the UK. He said Canada must expand its reach to stay competitive. The renewed talks with India show a shift in how Canada wants to engage Asia. India also stands to gain from deeper access to Canadian technology, energy and education sectors.Carney accepted an invitation to visit India next year. Officials say the visit could help speed up trade talks. Many hope it will confirm a stable path after years of tension.

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FYI (keeping you in the loop)-

Q1: What is the focus of the new Canada India trade effort?

The focus is to launch talks for a major trade deal. Both countries want to grow trade and repair ties. The goal is long-term economic growth.

Q2: Why is Canada expanding trade outside the U.S.?

Canada relies heavily on the U.S. economy. Leaders want more balance. They hope new deals will cut risk and open new markets.

Q3: How much trade could the new deal generate?

Officials said trade could reach CA$70 billion by 2030. This would more than double current levels. Both governments agreed on this target.

Q4: What caused the earlier pause in talks?

Talks paused in 2023 after a major diplomatic dispute. India rejected claims made in Canada. The issue led to a breakdown in trust.

Q5: When will PM Carney visit India?

Carney plans to visit in the first quarter of next year. Leaders say the visit will support trade progress. It may set the tone for future talks.

Trusted Sources: Reuters, AP News, BBC News, CBC