Foreign Minister’s Envoy: Economic relations with Canada are on an upward path towards sustainable growth
ABU DHABI, 21st November, 2017 (WAM) – His Excellency Sultan bin Saeed Al Mansouri, Envoy of the Minister of Foreign Affairs to Canada, confirmed that the relations between the UAE and Canada extend for more than five decades of cooperation and strategic partnership in various fields, especially in the economic, trade and investment sectors.
This came in statements to the Emirates News Agency, WAM, on the sidelines of the Canada-UAE Investment Summit, which was held today in Abu Dhabi in conjunction with the visit of Mark Carney, Prime Minister of Canada, to the Emirates.
His Excellency explained that the economic and trade relations between the two countries are witnessing continuous growth, with the volume of non-oil trade reaching $3.5 billion, noting that the signing of the Investment Protection Agreement, in addition to the start of discussions regarding the negotiations of the Comprehensive Economic Partnership Agreement, would contribute to more than doubling the volume of trade exchange, especially in light of the UAE’s increased investments in a number of strategic sectors in Canada.
His Excellency Sultan Al Mansouri noted that the next phase will witness additional growth in Emirati investments within Canada in a number of strategic sectors, including infrastructure, oil and gas, and ports, in addition to artificial intelligence, advanced technology, and other vital sectors.
He stressed that the economic relations between the UAE and Canada are on an upward path that enhances the process of sustainable growth for the economies of the two friendly countries, noting that the next stage will witness greater momentum in joint cooperation in light of the ambitious development vision of the two countries, the expansion of bilateral partnerships, and the availability of a strong political will that pushes relations towards broader horizons of joint economic and investment work.
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