UAE and Canada Strengthen Economic Ties with New Agreements

Ottawa:His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and His Excellency Mark Carney, Prime Minister of Canada, convened to assess and enhance UAE-Canada relations. The leaders discussed strategies to bolster cooperation in various areas of mutual interest.

According to Bahrain News Agency, the meeting occurred during Sheikh Khaled's official visit to Canada, with Prime Minister Carney greeting him at Parliament Hill in Ottawa. The discussions emphasized expanding collaboration in trade, investment, artificial intelligence, advanced technology, and other sectors.

The dialogue also included deliberations on regional and international issues, highlighting the necessity of dialogue and diplomatic efforts to foster security and stability globally. The talks culminated in the signing of three agreements and memorandums of understanding, as well as the UAE-Canada Comprehensive Economic Partnership Agreement.

Additionally, it was revealed that Emirati companies are negotiating trade and investment deals with Canadian firms, potentially worth up to C$21.1 billion (US$15 billion). This is part of a broader C$70 billion (US$50 billion) investment framework unveiled during Prime Minister Carney's visit to the UAE in November 2025.