Carney Set to Relaunch Canada-India Trade Talks Amid Global Shift
Carney Set for Strategic Trade Visit to India
Canada’s Prime Minister Mark Carney is planning a major diplomatic and trade trip to India in early March. Officials say the visit will focus on expanding economic ties and launching a framework for a comprehensive trade deal. The visit reflects Ottawa’s effort to diversify trade partnerships beyond reliance on the United States.
Carney is expected to travel to New Delhi around March 1–2. He will meet with Indian Prime Minister Narendra Modi to finalise terms for negotiating a Comprehensive Economic Partnership Agreement (CEPA). Both sides aim to relaunch formal trade talks that were paused in 2023.
Canada and India agreed in late 2025 to restart trade negotiations. The two nations have set a goal to double bilateral trade to US $50 billion by 2030. Carney’s visit marks a pivotal moment in rebuilding economic cooperation after years of diplomatic tension.
Trade Talks and Deal Framework
Officials say both countries may finalise the Terms of Reference for CEPA during the March visit. The document will define the scope of negotiations, including goods, services, investment, digital trade and sustainability. A signed framework usually signals the formal launch of detailed negotiations.
Negotiations on a Canada–India trade pact began more than a decade ago but stalled several times. Political tensions and regulatory differences slowed progress. Recent diplomatic efforts aim to reset talks in a rapidly shifting global trade environment.
India’s High Commissioner to Canada has expressed confidence about faster progress. He said both governments now approach the deal with greater clarity and urgency. Officials believe improved communication channels will reduce past friction.
Strategic and Economic Importance
Carney’s visit comes as Canada recalibrates its global trade strategy. Ottawa wants to reduce economic dependence on the U.S. market. Policymakers seek stronger partnerships with fast-growing economies like India.
India offers a vast consumer base and expanding middle class. Canadian exporters see opportunities in agriculture, energy, critical minerals and education services. Indian firms continue to invest in technology and manufacturing sectors in Canada.
The visit also carries diplomatic weight. Both governments aim to stabilise relations after previous disputes. A successful trade framework could mark a fresh chapter in bilateral ties.
If negotiations advance smoothly, the CEPA could reshape Canada–India relations and strengthen economic resilience for both nations.
