Canada, UAE sign trade deal as Carney seeks new trading partners
The deal paves the way for Parliament ratification and removes tariffs on more than 97% of tariff lines, 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.
19 Articles
19 Articles
Crown Prince of Abu Dhabi, Prime Minister of Canada witness signing of CEPA
OTTAWA, Canada: His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and the Right Honourable Mark Carney, Prime Minister of Canada, witnessed the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Canada, marking a new phase in economic partnership and cooperation.The agreement, signed during the Crown Prince of Abu Dhabi's official visit to Canada, provides an integrated fra…
UAE, Canada seal trade pact cutting 99% of tariffs on exports
RIYADH: Canada and the UAE have signed a Comprehensive Economic Partnership Agreement following a record 47-day negotiation. Once fully implemented, the CEPA will cut or eliminate tariffs on more than 99 percent of current Canadian exports to the UAE. The agreement is expected to enter into force in 2027 and farmers, machinery and power equipment manufacturers, and aerospace firms from the North American country are among those expected to benef…
His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, concluded an official visit to Canada, as part of their desire to strengthen their bilateral relations and expand their strategic partnership in various areas of mutual interest. His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, at the conclusion of the visit, expressed his thanks and appreciation to the Canadian side for the warm welcome and hospit…
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eldiariodechihuahua.mxCanada and UAE signed a free trade agreement to reduce or eliminate tariffs of more than 99 per cent of Canadian exports.
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