Saudi Arabia Freezes Trade Ties With Canada

Saudi Arabia’s Ministry of Foreign Affairs will freeze all new trade and investment with Canada over its interference in the Kingdom’s internal affairs. The Kingdom recalled its ambassador to Ottawa and ordered the Canadian envoy to Riyadh to leave within 24 hours.

Throughout its long history, the Kingdom of Saudi Arabia has never accepted any interference in its domestic affairs by or orders from any country. The Kingdom views the Canadian position as an affront to the Kingdom that requires a sharp response to prevent any party from attempting to meddle with Saudi sovereignty. The persons referred to were lawfully detained by the Public Prosecution for committing crimes punishable by applicable law, which also guaranteed the detainees’ rights and provided them with the due process during the investigation and trial.

The Kingdom will also put on hold all new business and investment transactions with Canada while retaining its right to take further action. Saudi Arabia has invested about $6 billion in Canadian businesses since 2006, according to Bloomberg. The Kingdom’s investments in Canada include G3 Global Holdings Ltd., a joint venture between Bunge Ltd. and Saudi Agricultural & Livestock Investment Co., which purchased the former Canadian Wheat Board in 2015.

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