Trump announced a new trade agreement between the US and Canada that includes the Keystone XL pipeline

Canada and the United Arab Emirates (UAE) have concluded a comprehensive free trade agreement and begun negotiations on an extradition treaty. According to a statement from Ottawa, this treaty will allow Abu Dhabi to request the transfer of individuals accused of crimes.

The announcement followed the visit of the Emirati Crown Prince to the Canadian capital. Khalid bin Mohammed bin Zayed Al Nahyan spent two days with Prime Minister Mark Carney and signed a Memorandum of Understanding (MoU) to establish a Joint Military Committee between the two parties. This committee will cover military education and training, joint exercises, cybersecurity, and information exchange.

The free trade agreement, which was agreed upon in a record 47 days for either party, is named the Canada-UAE Comprehensive Economic Partnership Agreement (Cepa). According to Carney, it will lead to the reduction or complete elimination of tariffs on over 99 percent of Canadian exports to the UAE starting next year.

Carney noted that this will open new markets for Canadian farmers growing beans and rapeseed, for manufacturers of industrial equipment and energy generation equipment, as well as for Canada's aerospace sector and other Canadian innovators.

Canada's Minister of International Trade, Maninder Sidhu, announced on Wednesday that Cepa will double bilateral trade between Canada and the UAE from $2.4 billion to nearly $5 billion over the next decade, providing Canadian businesses greater access to the UAE's $500 billion economy.

Previously, the UAE committed to investing $50 billion in Canadian energy and development projects last year, particularly in the Arctic, following Carney's visit to Abu Dhabi. Carney stated that this week's discussions with bin Zayed 'have led to significant progress' in fulfilling this commitment, though he did not go into detail.

The President of the United States, Donald Trump, signed an executive order on Friday (the 23rd) to cancel the 50% tariff on certain agricultural and timber products imported from Canada. This measure could potentially benefit American agricultural businesses that rely on these products.

The White House reported that among the goods exempted from the tariff are plywood, certain types of paper, some machinery, refrigeration equipment, as well as crates and packaging for transporting goods.

Senator Susan Collins from Maine emphasized the importance of these producers to her state's economy, noting that they support rural and coastal communities. According to her, many farmers and manufacturers need specialized equipment, packaging materials, and other Canadian products that are either unavailable from American suppliers or whose replacement entails high costs.

The decision was made after the Republican senator appealed to the White House to review tariffs on goods affecting companies and farmers in her state. She is currently involved in a tight re-election battle.

Understanding the Trade War Between the US and Canada

Republican candidates in northern US states bordering Canada, such as Maine and Michigan, are trying to balance supporting Trump's loyal base while attracting votes from independent voters, as these states are particularly hard hit by tariffs.

Collins stated that this initiative will have a positive impact on blueberry, potato, apple, and seaweed producers in Maine. Collins and her opponent, Democrat Troy Jackson, discussed the issue of tariffs during the October 6 debates.

Since then, the governments have been in a trade deadlock. However, on Friday, Trump announced that Canada is working on reaching an agreement with the United States. The White House also reported that certain types of valves, carpets, waste, and other items will be included in the list of goods covered by this measure.

The economies of Maine and Michigan are closely linked to the Canadian economy, which supplies automotive parts, lumber, and fruit harvesting equipment. This is why tariffs have a significant impact on these states. The trade dispute also has political implications: Republicans will likely need to win in Maine and Michigan in the November 3 elections to maintain control of the US Senate.

American President Donald Trump made an important statement regarding a trade agreement between India and the USA. He reported that both countries are at a stage close to concluding such an agreement, which will significantly differ from previously reached arrangements.

In parallel with efforts to reshape relations between India and the USA, US Secretary of State Marco Rubio visited India. Rubio arrived in Jamnagar, where he inspected the world's largest oil refining complex.