Carney signs investment pact, launches trade talks during UAE visit
Global News
On Thursday, Carney announced the investment pact following a meeting with UAE President Sheikh Mohammed bin Zayed Al Nahyan, and both also launched talks for a full trade deal.
Prime Minister Mark Carney signed an investment-protection agreement Thursday with the United Arab Emirates, during a visit to Abu Dhabi that has involved limited media access as concerns grow the country is fuelling ethnic violence in Sudan.
On Thursday, Carney announced the investment pact following a meeting with UAE President Sheikh Mohammed bin Zayed Al Nahyan, and both also launched talks for a full trade deal, aimed at an eventual comprehensive economic partnership agreement.
The prime minister also met Thursday morning with Industry Minister Sultan al-Jaber, before touring a palatial mosque in Abu Dhabi.
On Thursday afternoon, Carney is set to meet with officials from sovereign wealth funds and investment companies in the UAE, including Mubadala, MGX, ADQ and ADIC, ahead of a dinner hosted by the UAE’s national security adviser.
The visit comes just one month after the two countries signed an agreement to boost collaboration on artificial intelligence and data centres.
Janice Stein, founding director of the Munk School of Global Affairs at the University of Toronto, says the UAE is becoming a leader in AI and can help Canada through both investment and innovation.
On a visit to the country earlier this year, she saw extensive AI adoption in the UAE, as well as enthusiasm from government officials for Carney — a former central banker and UN envoy — to visit the country.
“It is very prescient for the prime minister to go — and go early,” Stein said in an interview Tuesday.
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