Canada’s Prime Minister Mark Carney and his Indian counterpart Narendra Modi have agreed to accelerate trade talks, aiming to seal an agreement by the end of the year as both countries seek to hedge their reliance on an unpredictable US administration.
The leaders met in New Delhi on Monday, where Carney announced the Comprehensive Economic Partnership Agreement that he said was aimed at doubling two-way trade to C$70bn ($51bn) by the end of the decade.
The agreement comes as Canada has sought to double non-US trade to C$300bn over a decade to counter President Donald Trump’s tariffs. Trade talks between the sides had started in 2010 but stalled amid a diplomatic falling-out after the murder of a Sikh-Canadian activist in Vancouver in 2023.
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