Toronto/IBNS, Nov. 21 -- Canadian Prime Minister Mark Carney signed an investment protection agreement with the UAE on his visit to Abu Dhabi on Thursday.

This was the first in-person bilateral meeting between Canadian and Emirati leaders since 1983.

The countries signed the Foreign Investment Promotion and Protection Agreement, which establishes clearer rules and protections for investors and creates a more predictable environment for two-way investment.

"With a new investment protection agreement and the launch of free trade negotiations, we'll create more opportunities for workers, businesses, and investors."

The leaders also launched negotiations on a Canada-UAE Comprehensive Economic Partnership Agreement (CEPA) that seeks to red...