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Press Release

H.E. Bin Touq, Canadian counterpart explore means to strengthen

cooperation in new and circular economy, tourism and aviation

Meeting a key step in fostering stronger ties between the two business communities as the
UAE-Canada trade & economic partnership continues to flourish on all fronts, says H.E. Bin
Touq

Abu Dhabi, November 8, 2024:

H.E. Abdulla bin Touq Al Marri, Minister of Economy, held a bilateral meeting with H.E. Matt
Jones, Canadian Minister of Jobs, Economy, and Trade, to explore the strengthening of
cooperation in key areas such as the new economy, entrepreneurship, tourism, aviation,
investment, the circular economy, infrastructure, healthcare, transportation, logistics, food
security, and clean energy. The discussions focused on fostering growth and sustainability in both
nations’ economies for the future.

H.E. Bin Touq hailed the strong and ever-growing ties between the UAE and Canada, especially
in economic and trade sectors. "We are committed to enhancing economic cooperation to scale
new heights of growth and prosperity by capitalizing on the promising opportunities and potential
within both markets," he noted.

In this context, H.E. stated: “Canada is a strategic and valuable economic partner for the UAE in
North America, and the UAE serves as a vital logistics hub for Canadian exports to the Middle
East and North Africa region. This meeting is a testament to our shared commitment to deepening
existing trade and economic partnership, exploring opportunities for cooperation in areas of mutual
interest, and exchanging expertise and best practices in policies that support the growth and
sustainability of both economies, while fostering stronger connections between the two business
communities.”

The meeting discussed ways to enhance joint efforts in facilitating import and export procedures
and providing more incentives to businesses and the private sector in both the UAE and Canadian
markets. Furthermore, it explored a range of economic diversification initiatives and their role in
driving the transition towards innovative and sustainable economic models. The two ministers
underlined the importance of strengthening cooperation in the tourism and aviation sectors, given
the growing number of flights between the two countries, operated by the UAE’s national carriers.

During the meeting, H.E. Bin Touq highlighted the enablers and opportunities within the UAE’s
business landscape, which has evolved significantly in recent years. He pointed out the pivotal role
of the new laws and regulations, such as the family business law, cooperative law, commercial