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

EUR -
AED 4.244679
AFN 76.884463
ALL 93.191831
AMD 421.972449
AOA 1059.869723
ARS 1724.912124
AUD 1.6354
AWG 2.081886
AZN 1.966206
BAM 1.955209
BBD 2.320998
BDT 142.646882
BHD 0.434569
BIF 3450.157113
BMD 1.155801
BND 1.476654
BOB 13.69586
BRL 5.875747
BSD 1.152352
BTN 109.656854
BWP 15.554298
BYN 3.431363
BYR 22653.692413
BZD 2.317599
CAD 1.612515
CDF 2614.996978
CHF 0.934118
CLF 0.026812
CLP 1055.246154
CNY 7.798879
CNH 7.793437
COP 3649.648544
CRC 523.841657
CUC 1.155801
CUP 30.628717
CVE 110.23168
CZK 24.254187
DJF 205.207971
DKK 7.47562
DOP 67.269666
DZD 152.922776
EGP 57.293846
ERN 17.33701
ETB 185.995679
FJD 2.552644
FKP 0.857003
GBP 0.856685
GEL 3.016621
GGP 0.857003
GHS 13.522912
GIP 0.857003
GMD 84.945873
GNF 10120.940719
GTQ 8.792342
GYD 241.087126
HKD 9.068233
HNL 30.886664
HRK 7.535359
HTG 150.674455
HUF 363.218435
IDR 20574.407074
ILS 3.467228
IMP 0.857003
INR 110.044414
IQD 1509.543707
IRR 1589861.560911
ISK 142.614473
JEP 0.857003
JMD 183.004683
JOD 0.819461
JPY 182.465669
KES 148.856198
KGS 101.074744
KHR 4680.585188
KMF 492.370809
KRW 1629.805632
KWD 0.35675
KYD 0.96031
KZT 540.07675
LAK 26018.135435
LBP 103193.107569
LKR 386.523165
LRD 207.997128
LSL 18.721141
LTL 3.412778
LVL 0.699133
LYD 7.329784
MAD 10.739954
MDL 20.038943
MGA 4917.513571
MKD 61.511407
MMK 2426.660491
MNT 4156.088844
MOP 9.311885
MRU 46.324997
MUR 54.084519
MVR 17.857278
MWK 1998.196
MXN 19.811636
MYR 4.721676
MZN 73.861472
NAD 18.721141
NGN 1573.958077
NIO 42.407181
NOK 10.983967
NPR 175.450966
NZD 1.96296
OMR 0.442316
PAB 1.152352
PEN 3.90252
PGK 5.092461
PHP 70.290014
PKR 319.921597
PLN 4.298989
PYG 6851.928851
QAR 4.212427
RON 5.248837
RSD 117.304542
RUB 94.335971
RWF 1694.487803
SAR 4.328192
SBD 9.322337
SCR 16.700252
SDG 694.055348
SEK 10.962537
SGD 1.477805
SLE 28.431255
SOS 658.600923
SRD 43.76612
STD 23922.739558
STN 24.492597
SVC 10.082952
SZL 18.717342
THB 38.10705
TJS 10.630487
TMT 4.05686
TND 3.385377
TRY 55.150643
TTD 7.810639
TWD 37.274683
TZS 3055.431805
UAH 51.610999
UGX 4292.702434
USD 1.155801
UYU 46.385979
UZS 13781.834132
VES 873.510657
VND 30287.177696
VUV 137.028419
WST 3.15963
XAF 655.758782
XAG 0.018109
XAU 0.000266
XCD 3.123609
XCG 2.076872
XDR 0.815553
XOF 655.758782
XPF 119.331742
YER 275.513155
ZAR 18.664712
ZMK 10403.585552
ZMW 21.750425
ZWL 372.167332
  • CMSC

    0.0240

    21.744

    +0.11%

  • CMSD

    -0.1600

    21.82

    -0.73%

  • BCC

    2.3400

    86.6

    +2.7%

  • VOD

    0.1900

    16.19

    +1.17%

  • RBGPF

    0.7600

    70.5

    +1.08%

  • RIO

    1.4500

    101.1

    +1.43%

  • RYCEF

    0.2300

    20.85

    +1.1%

  • RELX

    0.0485

    35.52

    +0.14%

  • BCE

    -0.0200

    22.75

    -0.09%

  • NGG

    0.4700

    80.88

    +0.58%

  • JRI

    0.1500

    12.81

    +1.17%

  • GSK

    0.7900

    52.96

    +1.49%

  • BTI

    0.6000

    59.33

    +1.01%

  • BP

    -0.6000

    41.63

    -1.44%

  • AZN

    1.4100

    161.42

    +0.87%

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.

P.E.Steiner--NZN