"Canadian Prime Minister Mark Carney is heading to India for what experts say is a very significant trip as he tries to reset relations between the two countries and find new markets for Canadian exports. While the trip, which starts Friday, is expected to be heavy on diplomacy, experts question whether it will result in major economic deals to shore up Canada's economy."
"India, with its 1.4 billion people, is a potentially large market for Canada's vast petroleum and natural gas reserves, among other products. But to build those economic bonds will require Carney to overcome diplomatic tensions and hesitancy about the costs of its exports, according to analysts."
"The two countries engaged in a prolonged diplomatic freeze in September 2023, after Carney's predecessor Justin Trudeau alleged that India was involved in the killing of a Sikh separatist activist on Canadian soil. India rejected the allegations as false, and both countries expelled each other's diplomats. A breakthrough came last year when Carney invited Indian Prime Minister Narendra Modi to Kananaskis, Alberta, to attend the Group of Seven (G7) leaders' summit in June."
Prime Minister Mark Carney is traveling to India to reset bilateral relations and establish new export markets for Canada, particularly in petroleum and natural gas sectors. This visit addresses Canada's need to reduce economic dependence on the United States. The trip follows a significant diplomatic freeze between the countries in September 2023, triggered by allegations regarding a Sikh separatist activist's death on Canadian soil. Relations have since improved following Carney's invitation to Indian Prime Minister Narendra Modi to attend the G7 summit in Alberta last June. Both nations have since exchanged new high commissioners. While the visit emphasizes diplomacy, experts question whether it will yield substantial economic agreements to strengthen Canada's economy, noting that overcoming hesitancy about export costs remains a challenge.
Read at www.aljazeera.com
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