Canadian Prime Minister Mark Carney is set to visit India, Australia, and Japan to enhance relationships with these countries. The focus of the visit to India will be on expanding partnerships in trade, energy, technology, AI, talent, culture, and defense. Carney will engage with business leaders to explore investment opportunities in Canada and foster new collaborations between businesses in both nations.
Carney’s visit to India, Australia, and Japan is scheduled from February 26 to March 7. The aim is to deepen regional ties with these Indo-Pacific partners, which are crucial for security and prosperity. Canada is prioritizing diversifying trade and attracting new investments to create more opportunities for its workforce and businesses in an increasingly uncertain global landscape.
India, being the world’s fastest-growing major economy and a key player in global commerce and technology, holds significant importance for Canada. The two countries have set a target of achieving $50 billion in bilateral trade by 2030. Prime Minister Modi and Carney have discussed the potential for strengthening trade and investment ties between India and Canada, with a particular interest shown by Canadian Pension Funds in Indian companies.
Canadian Foreign Minister Anita Anand recently met with India’s External Affairs Minister S Jaishankar to further enhance cooperation in areas such as energy, technology, and trade. The ministers emphasized the growing momentum in the Canada-India relationship, building on a history of over 75 years of diplomatic relations and strong people-to-people connections. They reaffirmed their commitment to expanding and diversifying trade between the two countries to support economic resilience and stability.
