Canadian Prime Minister Mark Carney is on a diplomatic mission to India, focusing on strengthening trade ties. This trip includes significant stops in key economic hubs like Mumbai and New Delhi, reflecting Canada's intention to diversify its trade partnerships. Both nations have been open about the need to improve relations, especially in light of recent geopolitical issues that have put a strain on their longstanding ties. Carney's visit signals a new approach as both countries seek to turn a new leaf in their bilateral relations.

Canada and India currently share a trade relationship valued at $30.8 billion, which both leaders aim to significantly expand. During a previous meeting at the G7 summit in Alberta, Prime Minister Carney and Indian Prime Minister Narendra Modi agreed to pursue a goal of doubling their trade to $70 billion by 2030 through a Comprehensive Economic Partnership Agreement. This ambitious goal underscores the importance both countries place on deepening their economic collaboration in various sectors.

Key areas of collaboration identified include energy, where Canada plans to increase its crude oil and natural gas exports to India while importing refined petroleum products in exchange. The discussions highlight not only the economic potential of these partnerships but also the broader strategic implications, such as energy security and sustainable development, which can be mutually beneficial for both nations as they navigate the complexities of global trade and environmental challenges.