UAE Minister of Foreign Trade Thani al-Zeyoudi said the agreement was reached in 47 days, which he called "record time." Sidhu said he plans to travel to the UAE with a Canadian trade and investment delegation later this year. He said Canada will also host officials from the UAE at the first-ever Canada Investment Summit in Toronto in September. The federal government's website says bilateral merchandise trade between Canada and the UAE reached $3.4 billion in 2024. Sidhu added that most of the sovereign wealth funds from the UAE will be in Canada for the investment summit later this year.