Prime Minister Mark Carney is aiming to sign a formal investment agreement with the United Arab Emirates on his visit there this week, a senior government official told CBC News.

“There’s a deal ready to go,” said the official, who was not authorized to speak publicly about it.

The official said that there are hopes to go even further with an announcement of “next steps” beyond the expected foreign investment promotion and protection agreement (FIPA).

A FIPA lays the groundwork for Canada and another country to invest in each other's economies, establishing rules, including a dispute settlement process, that provide both sides with a predictable investment climate — something experts say is particularly important during these uncertain times.

“The full-on assault on globalization, mult

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