AI Generated Summary
- Canadian Foreign Minister Anita Anand confirmed the renewed push, describing it as part of a broader reorientation of Canada’s foreign policy in response to growing global protectionism and the disruption caused by U.
- The renewed momentum comes in the wake of discussions between Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi during the recent G20 summit in South Africa, where both leaders agreed to restart efforts toward a comprehensive trade agreement.
- Canada and India are moving swiftly to revive long-stalled trade negotiations, marking a significant shift in relations following years of tension and political strain.
Canada and India are moving swiftly to revive long-stalled trade negotiations, marking a significant shift in relations following years of tension and political strain. The renewed momentum comes in the wake of discussions between Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi during the recent G20 summit in South Africa, where both leaders agreed to restart efforts toward a comprehensive trade agreement.
Canadian Foreign Minister Anita Anand confirmed the renewed push, describing it as part of a broader reorientation of Canada’s foreign policy in response to growing global protectionism and the disruption caused by U.S. President Donald Trump’s trade policies. She emphasized that the two countries are eager to accelerate progress and capitalize on what she termed an “expeditious” timeline.
Canada’s invitation to Modi to attend the G7 summit in Alberta and the mutual decision to reinstate senior diplomatic representatives have been key steps in rebuilding trust. Carney is also expected to pay an official visit to India early next year, further underlining the renewed engagement.
Anand highlighted that Canada aims to significantly diversify its trade partnerships, reducing its heavy reliance on the United States, which currently receives more than three-quarters of Canadian exports. With the USMCA agreement due for review in 2026 and global trade patterns shifting, Ottawa is pursuing new markets with renewed urgency. The government hopes to double its non-U.S. trade within the next decade and sees India as a central partner in that strategy.
Both countries have set an ambitious target of expanding bilateral trade to USD 50 billion by 2030. Canada already ranks as one of India’s key trade and investment partners, providing a strong foundation for future growth.
At the same time, Canada is exploring improved relations with other major economies, including China, following a recent meeting between Carney and President Xi Jinping aimed at easing long-standing tensions.
While the future of Canada-U.S. trade relations remains uncertain amid past disputes and political friction, Anand said Ottawa stands ready to re-engage with Washington whenever conditions allow. For now, the renewed dialogue with India signals a broader recalibration of Canada’s global trade strategy — one shaped by evolving geopolitical realities and an increasingly fragmented world economy.
