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CME welcomes signing of new investment agreement with Kuwait

Published by Steve Coleman on September 26, 2011

As part of an official visit to Canada by the Prime Minister of Kuwait, Sheik Nasser Al-Mohammed Al-Ahmed Al-Jaber Al-Sabah, Canada's Minister of International Trade and Minister for the Asia-Pacific Gateway, Ed Fast, and Kuwait's Minister of Foreign Affairs, Muhammad Al-Sabah al-Salim Al-Sabah signed the Canada-Kuwait Foreign Investment Promotion and Protection Agreement (FIPA) today.

"By providing businesses with greater certainty and predictability, this agreement will improve Canadian manufacturers and exporters' confidence in this growing market", says Jayson Myers, President and CEO of Canadian Manufacturers & Exporters. "Kuwait being an important member of the Gulf Cooperation Council, this agreement is also is positive step forward in improving our trade relations with a region that is increasingly important for Canadian business."

For more information, please see Prime Minister Harper's news release and the government's background note on the Agreement.

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