Canada and UAE Agree Economic Partnership and Strategic Partnership

Hamilton, Canada (ANTARA) – Canada and the United Arab Emirates signed a Comprehensive Economic Partnership Agreement (CEPA) on Tuesday (27 October) and launched a strategic partnership.

Canadian Prime Minister Mark Carney and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan met in Ottawa to attend the signing ceremony, according to a statement from the Office of the Prime Minister of Canada.

The visit was the Abu Dhabi Crown Prince’s first to Canada, the statement added.

The meeting reflected the strong momentum built since Prime Minister Carney’s visit to the UAE last November.

It also underlined the importance of deepening the trusted partnership between Canada and the UAE and enhancing economic cooperation in an increasingly dangerous and divided world, the statement said.

The leaders also welcomed the launch of the Canada-UAE Strategic Partnership, which will establish a framework for deeper cooperation across shared priorities, including trade and investment, energy, innovation, defence and security, and sustainable development.

To advance the partnership, Canada and the UAE signed several memorandums of understanding to strengthen cooperation in key areas, including energy, defence, and diplomatic learning and development.

The two leaders exchanged views on regional and global developments, including the situation in the Middle East and issues relating to maritime security, peace and international security.

They reaffirmed their commitment to dialogue, regional stability, freedom of navigation and effective multilateral cooperation, the statement said. The two leaders also agreed to remain in close contact.

Source: Anadolu