Explore Business Standard
Canadian Foreign Minister Anita Anand said Monday that Canada and India will move quickly to advance a trade deal after two years of strained relations, noting Ottawa has a new foreign policy in response to US President Donald Trump's trade war. Anand's statement follows a meeting between Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi at the Group of 20 summit in South Africa this past weekend, where the leaders agreed to restart stalled talks for a new trade deal. Relations between Canada and India have been strained since Canadian police accused New Delhi of playing a role in the June 2023 assassination of a Canadian Sikh activist near Vancouver. "The leaders were adamant that this work proceed as quickly as possible so that timing is going to be expeditious," Anand said in a telephone interview with The Associated Press. Carney will visit India early next year. Anand noted Carney's goal to double non-US trade over the next decade. Canada is one of t
Canadian Prime Minister Mark Carney accepted Prime Minister Narendra Modi's invitation to visit India following bilateral talks between the two leaders on the sidelines of the G20 summit in South Africa. "Prime Minister Carney accepted Prime Minister Modi's invitation to visit India in early 2026," said a statement issued by the Canadian Prime Minister's office on Sunday. PM Modi extended an invitation to PM Carney to visit India during the bilaterals in Johannesburg on Sunday. The two leaders agreed to unlock the potential for deeper cooperation in defence and space sectors, besides advancing ties in areas such as trade, investment, technology and energy during the talks. "The leaders agreed to formally launch negotiations for an ambitious Comprehensive Economic Partnership Agreement (CEPA) encompassing goods, services, investment, agriculture and agri-food, digital trade, mobility, and sustainable development," it said. The prime ministers agreed on the importance of regular ...
Prime Minister Narendra Modi met Canadian counterpart Mark Carney here on Sunday and they agreed to unlock the potential for deeper cooperation in defence and space sectors, besides advancing ties in areas such as trade, investment, technology and energy. "Had a very productive meeting with Prime Minister Mark Carney of Canada," Modi said in a social media post after the meeting on the sidelines of the G20 Summit here. This was the second meeting between the two leaders. They earlier met in June on the margins of the G7 summit at Kananaskis in Canada. "We appreciated the significant momentum in our bilateral ties since our earlier meeting held during the G7 Summit hosted by Canada. We agreed to further advance our relations in the coming months, particularly in trade, investment, technology and innovation, energy and education," Modi said. He said that India and Canada have great potential in strengthening trade and investment linkages. "We have set a target of 50 billion USD by 20
Canadian Prime Minister Mark Carney has referred to the progress his country has made with India as he stressed that Canada is building partnerships abroad amid tariff pressures with the US. Carney's remarks on Saturday came after US President Donald Trump last week terminated all trade negotiations with Ottawa based on their egregious behaviour. And to be building new partnerships with countries around the world. And there is no better place to do that than in the fastest growing part of the world that represents 60 per cent of the global economy, Carney said, referring to the Asia-Pacific region. Speaking to reporters after the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, he cited the free trade deal with Indonesia, talks with the Philippines and Thailand and a turning point in our relationship with China". Progress which we have been making with IndiaSo I didn't meet directly with Prime Minister (Narendra) Modi here, (but), the foreign minister, other minister
Prime Minister Mark Carney set a goal for Canada to double its non-US exports in the next decade, saying American tariffs are causing a chill in investment. Carney, who will release his government's budget on Nov 4, said Wednesday many of Canada's former strengths based on close ties to America have become vulnerabilities. The jobs of workers in our industries most affected by US tariffs autos, steel, lumber are under threat. Our businesses are holding back investments, restrained by the pall of uncertainty that is hanging over all of us, Carney said. US President Donald Trump has been threatening Canada's economy and sovereignty with tariffs, most offensively by claiming Canada could be the 51st state. Carney reiterated in an evening address to Canadians that the decades-long process of an ever-closer economic relationship between the Canadian and US economies is now over. "The US has fundamentally changed its approach to trade, raising its tariffs to levels last seen during
Canadian Prime Minister Mark Carney raised the prospect of reviving the contentious Keystone XL pipeline project with US President Donald Trump during his White House visit this week, a government official familiar with the matter said Wednesday. A Canadian company pulled the plug on it four years ago after the Canadian government failed to persuade then-President Joe Biden to reverse his cancellation of its permit on the day he took office. It was to transport crude from the oil sand fields of western Canada to Steele City, Nebraska. Trump previously revived the long-delayed project during his first term after it had stalled under the Obama administration. It would have moved up to 830,000 barrels (35 million gallons) of crude daily, connecting in Nebraska to other pipelines that feed oil refineries on the US Gulf Coast. The Canadian government official said Trump was receptive to the idea when it was talked about during their White House meeting Wednesday. The official said Carney