Carney Embarks on Trade Mission as Canada Aims to Cut Reliance on U.S. Commerce
Canadian Prime Minister Mark Carney is heading to India, Australia, and Japan in a major trade tour designed to diversify Canada’s export markets and reduce economic dependence on the United States.
Canadian Prime Minister Mark Carney has set off on a pivotal overseas trade mission, visiting India, Australia, and Japan from late February into early March as part of Ottawa’s strategy to broaden international economic ties beyond the United States.
The tour starts in Mumbai, where Carney is scheduled to meet Indian Prime Minister Narendra Modi and senior business figures to accelerate negotiations on a comprehensive trade agreement and boost bilateral exchange. It continues with engagements in Australia, including talks with Prime Minister Anthony Albanese, and concludes in Japan with discussions on investment opportunities in sectors such as critical minerals, clean energy, and technology.
The initiative reflects a broader policy shift as Canada seeks to protect its economy from tariff pressures and the risks of over-dependence on a single export market — historically the United States — which accounts for a large share of Canadian goods and services exports. By building deeper economic links in the Indo-Pacific, Ottawa aims to diversify export flows, attract investment, and strengthen Canada’s position in emerging global supply chains.
Carney’s visit comes amid strained Canada-U.S. relations and aims not only to expand trade but also to reinforce cooperative ties in areas such as defence, technology, and food security with key partners across Asia and the Pacific.
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