Prime Minister, Mark Carney, welcomed the Crown Prince of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, to Ottawa this week for the first-ever visit to Canada by a Crown Prince of Abu Dhabi.

During their meeting, the leaders agreed to deepen the Canada - United Arab Emirates (UAE) relationship and launched a new Strategic Partnership.

As an immediate step in this new partnership, Canada and the UAE signed the new Canada-UAE Comprehensive Economic Partnership Agreement (CEPA), following the conclusion of negotiations in a record 47 days the fastest either country has negotiated a free trade agreement.

Once fully implemented, the CEPA will reduce or eliminate tariffs on over 99% of current Canadian exports to the UAE.

The CEPA is expected to enter into force in 2027, lowering costs and expanding choices for consumers and businesses in both countries, creating high-quality careers for Canadian workers, and building stronger, more resilient supply chains.

 

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