- The Comprehensive Economic Partnership Agreement (CEPA) between Azerbaijan and the United Arab Emirates aims to strengthen economic cooperation and trade.
- Targeting USD 100 billion non-oil trade through a Comprehensive Economic Partnership Agreement (CEPA) and strengthening the Comprehensive Strategic Partnership.
- CEPA talks involving the United Arab Emirates concluded, leading to the establishment of a new partnership.
Abu Dhabi and UAE Sign Free Trade Deal with Canada; Pledges $50 Billion
- Reports
- 7
- Developments
- 3
- Repetition
- 57%
New informationRepeats or wire copies
What happened
Canada and the United Arab Emirates signed a wide-ranging free trade deal, dubbed the Comprehensive Economic Partnership Agreement (Cepa). The agreement includes plans to negotiate an extradition treaty and a mutual legal assistance treaty. Additionally, Abu Dhabi signed a Memorandum of Understanding to establish a Joint Military Committee with Canada, and the UAE pledged $50 billion in investment to Canadian projects. Civil society groups have raised human rights concerns regarding the deal and extradition talks.
Why it matters
The Cepa is expected to double two-way trade between Canada and the UAE from $2.4 billion to nearly $5 billion over the next decade. The agreement is designed to give Canadian businesses greater access to the UAE's $500 billion economy.
The partnership follows the conclusion of Comprehensive Economic Partnership Agreement talks, which aim to generate USD 100 billion in non-oil trade.
From middleeasteye.net
Who's involved
- Abu DhabiSigned the free trade deal and established a Joint Military Committee with Canada
- United Arab EmiratesSigned the free trade deal and pledged $50 billion in investment to Canadian projects
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- UAESpeculative
The free trade deal could boost the emirate's trade and investment opportunities.
- United Arab EmiratesSpeculative
The free trade deal and investment pledge may materially boost the nation's trade and market access.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.How it developed
Newest first. Tap a step to see who reported it.The FTA signing was accompanied by reports of extradition talks and human rights criticism.1 source
Amnesty International raised human rights concerns following the Canada-UAE free-trade deal.1 source
Abu Dhabi finalized partnership talks with Canada, including military cooperation and $50bn investment.1 source
Keep exploring
The entities involved
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Abu Dhabi
capital city of the United Arab Emirates
Related events
- Mark Carney signed agreements strengthening trade and investment in Abu Dhabi.
- Framework of Comprehensive Economic Partnership Agreement established between Abu Dhabi and Turkey.
- UAE and Ecuador signed a Comprehensive Economic Partnership Agreement following a meeting in Abu Dhabi.
- Sovereign Wealth Fund Institute participates in a summit held in Abu Dhabi.