NEW DELHI: Prime Minister Narendra Modi on Monday hailed the growth of ties with Canada under the leadership of Prime Minister Mark J Carney and said that the two countries aim to further deepen their economic cooperation with the gal to touch USD 50 billion in trade by 2030. In this regard he further mentioned that Ottawa and New Delhi have decided to finalise a comprehensive economic partnership agreement in the near future.
He made the remarks during the joint press statement with Canadian PM Mark Carney here in the national capital on Monday.
“Today, we discussed transforming this vision into a next-level partnership. Our goal is to reach $50 billion in trade by 2030. Unlocking the full potential of economic cooperation is our priority. Therefore, we have decided to finalize a comprehensive economic partnership agreement soon”, PM Modi said.
He underlined how the decision would open up new investment and employment opportunities in both countries.
“Canadian pension funds have invested $100 billion in India. This is a symbol of their deep faith in India’s growth story”, PM Modi added.
He said that later in the day the leaders will also meet the members of the business community whose suggestions will help lay the roadmap for economic cooperation between the two countries.
PM Modi hailed Carney’s visit to India as an important milestone. He recalled warm meeting with him during the G7 meeting in Canada last year and also praised Carney for his role in the central banking leadership of two countries.
“Since our first meeting, our ties have garnered new energy, trust, and positivity. I credit my friend PM Carney for the growing momentum in every area of cooperation. India and Canada share strong faith in democratic values. We celebrate diversity. The well-being of humanity is our shared vision. This vision inspires us to move forward in every area”, PM Modi said.
The two countries also exchanged several MoUs in the presence of both Prime Ministers.
