United Arab Emirates and Canada reach agreement to prevent double taxation

Canadian Minister of International Trade Sergio Marchi said that agreements for preventing tax duplicity and protecting investments between the United Arab Emirates and Canada are about to be signed.

He said the volume of the investments exchanged between the two countries reached $100 million.

The Canadian minister said he found during meetings he held yesterday in Abu Dhabi with high officials in the UAE that the UAE wants to quickly sign these two agreements, increase economic and commercial cooperation and increase joint investments between the two countries.