UAE and Canada further strengthen trade and economic ties
- May 29, 2018
- Category: Investment and Finance, Asia, North America
The United Arab Emirates and Canada have taken steps to further strengthen existing economic and trade cooperation between the two countries.
The second session of the UAE-Canada Joint Economic Committee is scheduled to be held during the second half of this year – the first session of the Joint Economic Committee which took place in Ottawa has already resulted in the strengthening of partnerships between the two countries.
Timothy Sargent, Deputy Minister for International Trade of Canada said that his country views the UAE as an important economic partner in the region, highlighting his country’s desire to boost cooperation and investment partnerships between the two sides.
Meeting with H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation in Ottawa this week, Canada’s Minister of Immigration, Refugees and Citizenship, Ahmed Hussen, announced that from 5th June 2018 UAE citizens will be able to visit Canada without entry visas, saying:
“The UAE is a key strategic partner and lifting the visa requirement will help reaffirm the strong relationship between our two countries. It will also promote increased tourism, cultural, academic and study exchanges, as well as foster new business, trade, and investment opportunities.”
Around 40,000 Canadians live and work in the UAE, with some 150 Canadian companies operating in the country. Trade exchange between the two countries recorded about US$4 billion in 2017.