CABC Delegation to visit Kuwait next month
A delegation of Canadian businessmen intends to visit Kuwait next month as part of a Gulf tour that includes Qatar and the UAE, with the aim of enhancing trade exchanges and investments between Canada and the three Gulf countries.
A report published by Radio Canada International on its website stated that the volume of direct Kuwaiti investments in Canada is the largest compared to Qatar and the UAE, amounting to $2.3 billion, while the volume of Canadian direct investments in Kuwait amounts to $118 million.
Modestly, the volume of Canadian merchandise exports to Kuwait amounted to $96.4 million in 2020, while the value of Canadian imports of Kuwaiti goods amounted to $277,000. The delegation is led by the Canadian-Arab Trade Council, which is based in Toronto, and includes representatives of Canadian companies operating in several sectors, including clean energy, industrial intelligence, and agriculture.
The radio quoted the Chairman of the Board of Directors of the Canadian Arab Business Council, Mohamad Sawwaf, as saying that the mission of this council, which was established in 2006, is to promote trade and investments between Canada and Arab countries, whether in the Middle East or North Africa. According to Sawaf, this economic mission to three Gulf countries is an opportunity to communicate and build business relations.