As part of Prime Minister Mark Carney’s plan of signing 20 strategic trade and defence agreements around the world over the past year Canada and the United Arab Emirates have concluded negotiations on a free trade agreement. The next steps include legal review, the signing of the deal and ratification.
Earlier Friday, Ottawa signed a free trade deal with Ecuador.
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oh wow this is actually massive news. canada’s been quietly building up a proper network of trade deals under carney and the uae one is probably the biggest one yet given how much money flows through dubai alone. the uae isn’t just oil anymore, they’ve basically become the trading crossroads between europe, asia and africa so getting in there early is a smart move. also makes total sense given how shaky things are with the us right now, canada clearly wants friends who aren’t going to flip on them every four years. the whole tariff situation has been a mess so diversifying into the gulf feels like the obvious play. curious what sectors this actually covers though, would expect a lot on ai and clean energy given both countries have been pushing that angle hard.
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As part of Prime Minister Mark Carney’s plan of signing 20 strategic trade and defence agreements around the world over the past year Canada and the United Arab Emirates have concluded negotiations on a free trade agreement. The next steps include legal review, the signing of the deal and ratification.
Earlier Friday, Ottawa signed a free trade deal with Ecuador.
oh wow this is actually massive news. canada’s been quietly building up a proper network of trade deals under carney and the uae one is probably the biggest one yet given how much money flows through dubai alone. the uae isn’t just oil anymore, they’ve basically become the trading crossroads between europe, asia and africa so getting in there early is a smart move. also makes total sense given how shaky things are with the us right now, canada clearly wants friends who aren’t going to flip on them every four years. the whole tariff situation has been a mess so diversifying into the gulf feels like the obvious play. curious what sectors this actually covers though, would expect a lot on ai and clean energy given both countries have been pushing that angle hard.