So, Mining (dot com dot AU) give us a few hours ago that ‘Canada-UAE pact broadens critical minerals access’, as such that is good news for Canada and optionally making the employment lines reasonably shorter. But the working together between Canada and the UAE also means that (according to France Pinzon) “The Comprehensive Economic Partnership Agreement (CEPA), signed on 27 October, will eliminate or reduce tariffs on more than 99% of current Canadian exports to the UAE. It is also intended to address non-tariff barriers and establish more predictable trade and investment conditions. The agreement is expected to enter into force in 2027, subject to the countries completing their respective approval processes” it is just another setting where the world is giving a clear signal that in these matters the United States is no longer a party of interest to them and Canada is playing right not these settings for the people of Canada (aka Canadians) but it goes deeper. Canada has its ire minerals and the UAE just got a real deal whilst ‘some’ (we will not go into who) has its own tariff tables and Canada is giving the UAE a deal where Canadian are mostly nullified and in some cases severely reduced. This opens up all kinds of investments for the UAE. And in that trend we see that “The UAE has also committed to invest up to US$50 billion ($71 billion) in Canada across industries including mining, energy, and AI, according to Reuters. The agreement forms part of Canada’s broader push to expand its critical-minerals relationships in the Middle East. In July, Canada and Saudi Arabia announced more than C$1 billion ($1.08 billion) in commercial agreements spanning mining and other sectors, as reported by Mining.com.au.” As such, the message is clear. No matter how some are advertising their place as a big beautiful country, others see this differently and seek deals elsewhere, which was the only thing that PM Mark Carney needed to hear and this is a near fact now (and the ink of the agreement is still drying). And as we are being told “The UAE agreement builds on an investment protection pact that entered into force in May and an earlier commitment to pursue cooperation across responsible critical-minerals value chains”, which, as I see it makes perfect sense and in light of the projects that the UAE is developing (an example is Abu Dhabi where it is developing a $1.4 billion lithium-processing facility and driving demand for high-performance materials like neodymium oxide and dysprosium oxide to support aerospace, electric mobility, and clean energy under Operation 300bn.) so there would be space for Canadian miners and engineers to be deployed in the near future, as such (as noted by the BBC) “Canadian Prime Minister Mark Carney’s economic platform focuses on reducing reliance on U.S. trade, fast-tracking major infrastructure projects, and reforming domestic industries”, so whilst we were given 9 hours ago ‘Building Canada Strong for the Next Ten Years’, it seems that Prime Minister Carney didn’t waste a second on that and this setting alone could be the start of the aforementioned “The UAE has also committed to invest up to US$50 billion ($71 billion) in Canada across industries including mining, energy, and AI, according to Reuters.”
So unlike that politician in the United States who makes claims (like defeating Iran 60 times), the
Canadian Prime minister is showing results and as I see it, this deal is as important for Canada as it is for the UAE. A real partnership (as I see it), a true Comprehensive Economic Partnership Agreement. I wonder what will happen next, because this is showing a real promise in the EU, the Commonwealth and China and there is no way these places will let this slide by without giving it the attention it deserves. Because that shows the increased enablement of Abu Dhabi and that will show its economic benefits a few times over. Its like ringing the bell saying, we have a larger ability to work, play and live and that is a very enticing prospect for anyone looking for a job. And personally I wonder why (better state ‘if’) Australia is making gains on a partnership in this with PM Mark Carney, because I am Australian and it would make sense for the Commonwealth to work together on these projects. Not that Canada has any commitment other than the Canadian people. The idea that there is a second tier in this, keeping more away from the United States tends to make sense of this. But the is merely my thoughts on the matter.
No matter what happens, as I see it Canada has this win squarely in its hands and we should cheer for our Canadian brethren (but that might merely be me). Have yourself a wonderful day today.
