Ottawa, Canada Prime Minister Mark Carney has asserted that Canada views India as a reliable and strategically important trading partner, signalling a marked effort to reset bilateral economic ties after recent diplomatic strain.
Carney’s remarks come as his government pushes to diversify Canada’s trade relationships beyond traditional markets, underscoring India’s growing role in the country’s future economic strategy.
Why India Matters to Canada Right Now
- Strategic Diversification: Carney has made it clear that Canada wants to reduce its over-dependence on the U.S. by building stronger economic partnerships with like-minded countries such as India.
- Energy & Resources: Canada sees vast opportunities for cooperation in key sectors including clean energy, critical minerals, and technology areas where India’s demand is rising rapidly.
- Diplomatic Reset: After a recent diplomatic freeze, both countries are working to restore formal representation. Carney has called the reappointment of high commissioners a “foundational” step in rebuilding trust.
Challenges Remain
Despite Carney’s optimism, India’s High Commissioner Dinesh Patnaik has said Canada is “not yet” a reliably dependable supplier. Patnaik’s comment reflects lingering skepticism rooted in past diplomatic tensions, including accusations by Canada of foreign interference.
A Vision for the Future
At the G20 Leaders’ Summit, Carney announced a new trilateral partnership involving Canada, India, and Australia focused on technology, innovation, and critical-mineral development.
Carney framed his government’s approach as a long-term mission to “diversify trade, attract new investment, and double non-U.S. exports over the next decade.”
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