1 Day
Source:
Sharjah24
UAE and Canada Reach Economic Deal
The UAE and Canada successfully concluded negotiations for the Comprehensive Economic Partnership Agreement during the UAE Minister of Foreign Trade's visit to Toronto. The aim is to enhance economic cooperation and investment in sectors such as energy, technology, aviation, and agriculture. The final provisions of the agreement were reached remarkably quickly—one of the fastest deals the UAE has finalized since launching its Partnership Agreements program in September 2021. The agreement focuses on reducing customs duties and expanding companies’ access to markets, with expectations to increase trade flows and investments between the two countries. Non-oil trade reached approximately $4.2 billion in 2025, representing a 21% growth over the previous year. The agreement seeks to support major projects and attract billions of dollars in investments in minerals, aviation, and clean energy. It is also expected to boost market access and double the size of the UAE's economy by 2031.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)