Strong partnership between India and Canada: Bilateral trade target of 50 billion dollars by 2030, defense dialogue started, shared concern on West Asia crisis

New Delhi: India and Canada have decided to launch an India-Canada Defense Dialogue to increase bilateral trade to $50 billion by 2030 and further strengthen defense cooperation. Both countries have also agreed to strengthen cooperation in the economic field. Expressing deep concern over the situation in West Asia, he has emphasized on resolving issues through diplomacy and dialogue. Both countries consider terrorism, extremism and radicalism as a common and serious challenge to humanity.

PM Modi said this in a joint statement after bilateral talks with Canadian Prime Minister Mark Carney, who is on a four-day visit to India, here on Monday. He said that Canada and India have unwavering faith in democratic values ​​and both countries fully recognize diversity. He said that the welfare of humanity is our common vision which inspires us to move forward in every field.

The Prime Minister said that the two countries discussed in detail how to take this shared vision forward and take their partnership to the next level. He said that we have set a target of taking bilateral trade to 50 billion dollars by the year 2030. Both countries have also decided to soon finalize a comprehensive economic cooperation partnership to take full advantage of the economic potential. PM Modi said that Canada’s pension funds have invested $100 billion in India, which shows their deep faith in India’s development journey.