UAE President Sheikh Mohamed and Canadian PM Mark Carney Forge Closer Economic and Technological Ties

President Sheikh Mohamed held discussions with Canadian Prime Minister Mark Carney on Friday, focusing on expanding bilateral cooperation across key industries with a strong emphasis on economic and investment partnerships.

The conversation highlighted advanced technology and AI as central components of both nations' growth strategies as they seek to establish leadership in emerging sectors. These talks build upon the Comprehensive Economic Partnership Agreement (Cepa) finalised between the UAE and Canada in July, which is designed to lower trade barriers for goods, services, and investment following a $50 billion investment commitment announced by the UAE last November.

This trade agreement enhances access for Canadian companies into the UAE—currently Canada's largest export market in the Middle East—while encouraging capital investment in energy, mining, artificial intelligence, and ports.

In addition to economic matters, the two leaders addressed several regional and international issues, sharing perspectives on the Middle East and reaffirming their dedication to fostering security, stability, and peace throughout the region. The emphasis on AI and advanced technology further underscores a forward-thinking agenda that supports the UAE's national strategy for economic diversification and global innovation.