Modi and Carney Restart India-Canada Trade Talks

Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney met on the sidelines of the G20 Summit in Johannesburg, South Africa, on Sunday, agreeing to restart long-stalled negotiations on a comprehensive economic partnership agreement aimed at doubling bilateral trade to $50 billion by 2030.

The leaders' discussions marked a significant step in repairing diplomatic relations strained for two years by mutual accusations and expulsions of diplomats. The agreement revives talks on a high-ambition Comprehensive Economic Partnership Agreement, or CEPA, which had been suspended since 2023. Both sides expressed commitment to advancing cooperation in trade, investment, technology, innovation, energy, and education. Modi's office stated that the two countries have substantial potential to strengthen economic linkages, with Canadian pension funds showing interest in Indian companies.

In a post on X following the meeting, Modi highlighted the positive momentum since their earlier encounter at the G7 Summit in Kananaskis, Canada, in June. "We agreed to further advance our relations in the coming months," he wrote. Carney, who assumed office in March after Justin Trudeau's...