The Japan Times - Canada PM to push trade, rebuild fractured ties in India trip

EUR -
AED 4.327617
AFN 74.237859
ALL 96.46502
AMD 443.050188
ANG 2.10899
AOA 1080.577796
ARS 1613.508537
AUD 1.66649
AWG 2.12109
AZN 2.015809
BAM 1.956105
BBD 2.370359
BDT 143.822394
BGN 1.941559
BHD 0.444271
BIF 3489.728779
BMD 1.178383
BND 1.493355
BOB 8.131921
BRL 6.094246
BSD 1.176883
BTN 107.022853
BWP 15.583426
BYN 3.374811
BYR 23096.316304
BZD 2.366959
CAD 1.614179
CDF 2686.714321
CHF 0.913507
CLF 0.025871
CLP 1021.548616
CNY 8.141157
CNH 8.122238
COP 4352.406537
CRC 561.630258
CUC 1.178383
CUP 31.227162
CVE 110.277492
CZK 24.219785
DJF 209.582634
DKK 7.470975
DOP 72.333897
DZD 153.222777
EGP 56.280304
ERN 17.675752
ETB 183.142269
FJD 2.618663
FKP 0.873933
GBP 0.872929
GEL 3.152157
GGP 0.873933
GHS 12.933465
GIP 0.873933
GMD 86.612553
GNF 10324.687664
GTQ 9.030023
GYD 246.176842
HKD 9.214912
HNL 31.134395
HRK 7.533758
HTG 154.245692
HUF 379.43009
IDR 19823.945367
ILS 3.678112
IMP 0.873933
INR 107.192066
IQD 1541.833535
IRR 1512822.858383
ISK 144.905562
JEP 0.873933
JMD 183.374663
JOD 0.835515
JPY 182.54869
KES 151.693023
KGS 103.04926
KHR 4732.174628
KMF 492.564367
KPW 1060.548487
KRW 1704.096071
KWD 0.361434
KYD 0.980749
KZT 587.421467
LAK 25218.926814
LBP 105391.663244
LKR 364.136699
LRD 217.12999
LSL 18.960272
LTL 3.47946
LVL 0.712792
LYD 7.445159
MAD 10.791122
MDL 20.213062
MGA 5036.784273
MKD 61.647215
MMK 2474.351405
MNT 4205.179071
MOP 9.474035
MRU 47.118538
MUR 54.453369
MVR 18.218272
MWK 2040.809113
MXN 20.329648
MYR 4.592126
MZN 75.304607
NAD 18.960352
NGN 1584.513139
NIO 43.302517
NOK 11.262818
NPR 171.239671
NZD 1.973828
OMR 0.453082
PAB 1.176833
PEN 3.953316
PGK 5.132255
PHP 67.947939
PKR 328.916415
PLN 4.220893
PYG 7609.184819
QAR 4.289586
RON 5.096272
RSD 117.418891
RUB 90.399884
RWF 1718.860349
SAR 4.421037
SBD 9.48031
SCR 17.848855
SDG 708.798113
SEK 10.679094
SGD 1.492888
SHP 0.884093
SLE 28.851526
SLL 24710.111722
SOS 671.401694
SRD 44.299563
STD 24390.158991
STN 24.501216
SVC 10.29756
SYP 130.26066
SZL 18.953951
THB 36.589066
TJS 11.150527
TMT 4.124342
TND 3.416887
TOP 2.837265
TRY 51.678129
TTD 7.96624
TWD 37.059573
TZS 3025.891962
UAH 50.940516
UGX 4236.461922
USD 1.178383
UYU 45.664204
UZS 14373.238043
VES 473.511463
VND 30824.74439
VUV 139.567997
WST 3.19863
XAF 656.05637
XAG 0.013498
XAU 0.000227
XCD 3.18464
XCG 2.121121
XDR 0.815927
XOF 656.059154
XPF 119.331742
YER 280.985837
ZAR 18.859556
ZMK 10606.86843
ZMW 22.284375
ZWL 379.439001
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSD

    -0.0700

    23.73

    -0.29%

  • BCC

    -1.3700

    80.54

    -1.7%

  • GSK

    -0.2600

    59.26

    -0.44%

  • CMSC

    -0.0800

    23.88

    -0.34%

  • RYCEF

    18.0900

    18.09

    +100%

  • JRI

    -0.0100

    13.12

    -0.08%

  • RIO

    0.5800

    97.67

    +0.59%

  • BCE

    0.2700

    26.07

    +1.04%

  • NGG

    1.1600

    91.44

    +1.27%

  • RELX

    -0.9600

    30.5

    -3.15%

  • BTI

    0.0200

    62.1

    +0.03%

  • VOD

    -0.0900

    15.56

    -0.58%

  • AZN

    0.7400

    204.94

    +0.36%

  • BP

    0.2300

    38.41

    +0.6%

Canada PM to push trade, rebuild fractured ties in India trip
Canada PM to push trade, rebuild fractured ties in India trip / Photo: ANDREJ IVANOV - AFP/File

Canada PM to push trade, rebuild fractured ties in India trip

Canadian Prime Minister Mark Carney heads to India this week pushing to double trade and mend fractured ties, his first stop on an Asia-Pacific tour that also includes Australia and Japan as he seeks to reduce reliance on the United States.

Text size:

Carney has said that the US-led global order is fading and that Canada should not expect the old system to return once President Donald Trump leaves office.

Hedging against the mercurial resident of the White House he has sought to rebuild previously testy relations with major Asian economies, last month visiting Beijing to meet Chinese leader Xi Jinping after years of frozen ties.

Carney will leave on Thursday for India, on a visit that will be closely watched as he and Prime Minister Narendra Modi try to repair ties that effectively ruptured in 2024.

"In a more uncertain world, Canada is focused on what we can control," Carney said in a statement announcing the trip.

"We are forging new partnerships abroad to create greater certainty, security and prosperity at home."

Trump's tariffs on autos, aluminum, lumber and steel are hurting the Canadian economy.

The impacts of the levies have been muted by the president's broad adherence to an existing North American free trade agreement.

Negotiations on revising that deal are set for the start of this year and Trump has repeatedly insisted the United States doesn't need access to any Canadian products -- which would have sweeping consequences for its northern neighbor.

Trump has also repeatedly threatened to annex Canada, and last month posted an image on social media of a map with Canada -- as well as Greenland and Venezuela -- covered by the American flag.

Carney says that to safeguard Canada's economic future the country needs to massively expand non-US international trade.

- 'New challenges' -

India is a key target and Carney says he wants to more than double bilateral trade, eyeing a target of CAN$70 billion ($51 billion) by 2030.

The two countries last year agreed to launch talks on a new free trade agreement.

The meeting is all the more significant given the bitter fallout from Canadian accusations that New Delhi was involved in the 2023 assassination of a Canadian Sikh leader -- claims which India denied.

That rift severely disrupted consular and trade services between the nations, which exchanged about CAN$28 billion in goods and services in 2023.

Carney will then visit Sydney and Australia's capital, Canberra, for meetings with local counterpart Anthony Albanese.

Albanese's office said the trip would focus on economic security and critical minerals, as well as defence.

"As our countries face new challenges and opportunities, we must deepen our cooperation with partners to promote our national interests," the Australian prime minister said.

Carney will wrap up his tour in Japan, where he will hold talks with Prime Minister Sanae Takaichi.

He will fly back to Canada on March 7.

Y.Mori--JT