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Canada, UAE sign trade deal as Carney seeks new trading partners
The deal lowers barriers and boosts investment, with preferential access covering 99% of current Canadian exports, officials said.
- On Tuesday, Canadian Prime Minister Mark Carney and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan formally signed a Comprehensive Economic Partnership Agreement in Ottawa, lowering trade barriers between the nations.
- Carney pursued the deal to double Canada's non-U.S. trade over the next decade, following economic tensions with the United States and stalled negotiations with Washington.
- International Trade Minister Maninder Sidhu and UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi signed the pact, which removes duties on more than 97% of tariff lines covering over 99% of current Canadian exports.
- The signing enables Canada's Parliament to ratify the agreement, while both nations inked several memoranda of understanding to strengthen cooperation in energy, defense, and diplomatic development.
- Sheikh Khaled's visit follows his recent trip to Greece, where the UAE agreed to invest $16.8 billion in joint initiatives, reflecting the nation's broader diplomatic strategy to deepen global partnerships.
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10 Articles
10 Articles
Canada and UAE signed a free trade agreement to reduce or eliminate tariffs of more than 99 per cent of Canadian exports.
·Monterrey, Mexico
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Coverage Details
Total News Sources10
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
Factuality
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