Canada and UAE sign trade pact covering nearly all Canadian exports

Canada and the UAE signed a Comprehensive Economic Partnership Agreement and launched a broader Strategic Partnership during the Crown Prince of Abu Dhabi’s visit to Ottawa.

• Trade: Once fully implemented, the agreement will reduce or eliminate tariffs on more than 99% of current Canadian exports to the UAE. It is expected to take effect in 2027.
• Investment and logistics: The countries announced progress tied to the UAE’s previously announced $70 billion investment commitment. DP World, Arctic Gateway Group and CentrePort Canada will work to advance a transportation corridor linking the Port of Churchill, Hudson Bay Railway and CentrePort Canada.
• Other cooperation: The countries signed a defence cooperation memorandum and announced energy and diplomatic training arrangements. They will also begin talks on possible extradition and mutual legal assistance treaties.