Credited from: REUTERS
Canadian Prime Minister Mark Carney has embarked on a historic visit to India, aimed at strengthening trade ties and mending diplomatic relations. Arriving in Mumbai, Carney's agenda focuses on engaging with business leaders and initiating discussions on a comprehensive trade agreement with India, which is anticipated to be finalized by November, according to his foreign minister. This visit is crucial for Carney as he looks to diversify Canada's trade partners amid ongoing tensions with the United States, according to Al Jazeera, Reuters, and Al Jazeera.
Carney's trip comes after a period of significant diplomatic strain between Canada and India, sparked by accusations from former Prime Minister Justin Trudeau linking the Indian government to the assassination of a Sikh separatist in Canada. India has consistently denied these allegations, and the relationship deteriorated to the point of expelling diplomats from both nations. Analysts observe that this visit could mark a significant turning point, with both countries seemingly ready to move forward, according to BBC and Reuters.
Throughout his visit, Carney aims to establish more global alliances while reducing Canada’s economic reliance on the U.S., particularly in the wake of President Trump’s imposition of steep tariffs on crucial Canadian exports like steel and aluminum. Analysts describe Carney's focus as a pragmatic approach to foreign policy, positioning Canada alongside other middle powers. This is highlighted by ongoing discussions to double two-way trade with India to $51 billion by 2030, according to BBC and Al Jazeera.
Carney's discussions will cover critical sectors such as energy, technology, and defense cooperation. India, which is focusing on expanding its nuclear capabilities, is expected to consider a potential 10-year, $2.8 billion uranium supply deal from Canada. This aligns with India's broader strategy of securing reliable energy sources amidst fluctuating international pressures, including from the U.S., according to Al Jazeera and Reuters.
Additionally, both countries are likely to discuss the current geopolitical landscape shaped by Trump's policies. Carney's visit aims not only to repair relations but also to position Canada as a significant player in Indian energy markets, crucially needed to support both nations' economic ambitions. Given India’s energy demands and ongoing search for diverse sources, this meeting represents a potential win-win situation for both Canada and India, as highlighted by stakeholders in the energy sector, according to BBC, Reuters, and Al Jazeera.