Business
Carney says Modi likely to visit Canada in December
The Hindu BusinessLine··3d ago
Canadian Prime Minister Mark Carney said Narendra Modi is expected to visit Canada around December. On the UN General Assembly sidelines, Carney said trade talks with India were making good progress. He linked the timing to the G20 Summit on December 14-15 in Miami. Bilateral goods trade in 2024 stood at $8.6 billion, with services trade at $14.3 billion.
Prism
What It Means For You
- A December visit would come as both sides push a Comprehensive Economic Partnership Agreement.
- The fifth round of CEPA talks is scheduled to begin on October 5.
- Goods trade figures for 2024 show India exported $4.2 billion and imported $4.4 billion.
What's Happening
- Carney said India confirmed Modi would visit around the G20 period, without a precise date.
- Modi last visited Canada for the G7 Summit in June 2025 at Carney's invitation.
- Hindustan Times reported the trip's aim as finalising the CEPA.
Trade Reset Timeline
- Carney became prime minister in March 2025 after Justin Trudeau left office.
- The leaders had committed at last year's G20 to seek a deal by this year's G20.
- Piyush Goyal said after Mumbai talks that both sides resolved to fast-track negotiations.
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