After the recent visit to Ottawa of Saudi Minister of Investment Khalid Al-Falih, Minister Al-Falih and Canada’s Minister of International Trade, Maninder Sidhu, announced the launch of negotiations for a Foreign Investment and Protection Agreement, aimed at fostering a secure and transparent investment environment between the two nations. They also reactivated the Joint Economic Commission, a treaty-based platform designed to advance mutually beneficial trade and economic initiatives. Additionally, the signing of a memorandum of understanding between Export Development Canada and the Saudi EXIM Bank marks a strategic move to facilitate financing and support for bilateral trade and investment.
The ministers emphasized the potential for expanded commercial ties across key sectors such as artificial intelligence, healthcare, infrastructure, mining, defence, and creative industries. Their discussions with business leaders and participation in a roundtable with Invest in Canada underscored a shared commitment to unlocking new export opportunities and strengthening economic collaboration.
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