This week, MP Matt Jeneroux joined Prime Minister Carney on a landmark trade mission to India, Australia, and Japan, helping strengthen Canada’s economic and security partnerships while creating new opportunities for Canadian businesses and workers.

India – Strengthening Ties with a Global Economic Power

While in India, the world’s fastest-growing major economy, Prime Minister Carney and Indian Prime Minister Narendra Modi reaffirmed the strong Canada-India relationship and launched a series of agreements expanding collaboration across trade, energy, technology, education, and culture.

Key highlights from the India portion of the mission include:

• Trade agreements: Signing five Memorandums of Understanding and laying the groundwork for a new Comprehensive Economic Partnership Agreement (CEPA), aimed at doubling two-way trade to $70 billion by 2030.

• Major energy partnerships: A $2.6 billion uranium deal with Saskatoon-based Cameco, expanded collaboration on LNG and critical minerals, clean energy initiatives across solar, wind, biofuels, and hydropower, and steps toward Canada’s first long-term LPG arrangement with India.

• Technology and innovation: Expanded cooperation in AI, quantum computing, aerospace, and space research, with HCL Technologies set to significantly expand its Canadian workforce, along with strengthened multilateral tech partnerships.

• Education and culture: New initiatives including university partnerships, scholarships, student and faculty exchanges, and programs to deepen people-to-people ties.

This mission will help Canada diversify trade, attract investment, and create more high-quality jobs while strengthening connections with a key global partner.

Australia – Deepening Partnership in the Indo-Pacific

In Australia, Prime Minister Carney met with Prime Minister Anthony Albanese, marking the first bilateral visit of a Canadian Prime Minister to Australia in nearly two decades. The leaders discussed expanding cooperation in investment, defense, critical minerals, clean energy, and artificial intelligence (AI).

Key highlights from the Australia portion of the mission include:

• Critical minerals and clean energy: Canada welcomed Australia into the Critical Minerals Production Alliance and launched a Clean Energy Partnership to strengthen supply chains and promote investment in clean energy technologies.

• Defense cooperation: Canada and Australia are expanding defense collaboration, including joint training on the Arctic Over-the-Horizon Radar (A-OTHR) system to strengthen Canada’s Arctic security capabilities.

• AI collaboration: Both countries signed a Memorandum of Understanding on AI Safety to support cooperation between Canadian and Australian AI safety institutes.

• Investment growth: In Sydney, leaders welcomed a new MOU to deepen investment ties between Canadian pension funds and Australian superannuation funds, with IFM announcing plans to invest up to $10 billion in Canada.

The visit underscores the deepening economic and strategic ties between Canada and Australia, laying the foundation for even stronger collaboration in the years ahead.

Japan – Building a Stronger, Future-Focused Partnership with a Global Economic Leader

In Japan, Prime Minister Carney met with Prime Minister Takaichi Sanae in Tokyo to launch an ambitious Comprehensive Strategic Partnership between the two countries, further strengthening cooperation in defense, energy, critical minerals, trade, and technology.

Key highlights from the Japan portion of the mission include:

• Defense and security: Canada and Japan are enhancing defense industrial cooperation, including joint Coast Guard exercises and new Memorandums of Cooperation (MOCs) on international emergency response and action against illegal, unreported, and unregulated fishing in the North Pacific. A new Cyber Policy Dialogue will also strengthen cybersecurity cooperation.

• Bilateral exercises and training: Future joint operations, including potential participation in Canada’s Operation NANOOK and joint sails between the Royal Canadian Navy and the Japanese Navy, will reinforce defense collaboration.

• Economic and trade partnerships: Canada and Japan will identify immediate investment opportunities, especially through pension funds, and work to advance Japan’s decarbonization efforts in Canada’s automotive sector. The 50-year anniversary of the Canada-Japan Joint Economic Committee will be marked by new initiatives on emerging technologies, such as AI, semiconductors, clean energy, and critical minerals.

• Energy cooperation: The two leaders committed to expanding trade and cooperation in LNG, LPG, and clean energy technologies, ensuring greater energy security for both nations.

• Technology and innovation: Japan and Canada will intensify joint research and development (R&D) in emerging technologies, including AI, autonomous systems, and space security, while also deepening ties in critical minerals and semiconductor supply chains.

By re-engaging with global giants like Japan, Canada is set to create new avenues for capital inflow, high-quality jobs, and expanded trade in the Indo-Pacific region.

Canada’s mission to India, Australia, and Japan is part of a broader strategy to strengthen economic and security partnerships in the Indo-Pacific, attract global investment, diversify trade relationships, and create opportunities for Canadian businesses and workers in a rapidly changing world. By deepening engagement with these dynamic economies, Canada is continuing to build a resilient, competitive economy and position itself to leverage its strengths in energy, technology, and innovation.