Canada signs trade deal with UAE in push for non-US markets

Canada and the United Arab Emirates have signed a Comprehensive Economic Partnership Agreement to reduce trade barriers and boost investment. Prime Minister Mark Carney and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan presided over the signing on Tuesday. Once fully implemented, the pact will reduce or eliminate tariffs on more than 99 percent of current Canadian exports to the UAE and improve market access across several sectors. Carney aims to double Canada’s non-US trade over the next decade amid tensions with Washington and the impact of US tariffs.