Canada is taking steps toward becoming European Union's first associate member
Summary
Canadian Prime Minister Mark Carney said he expects Canada and the European Union to finish negotiating a close partnership in June. The proposed relationship would fall short of EU membership, and the joint declaration launching a new alliance did not use the term “associate member.”Key Facts
- Carney said Canadian ministers and European commissioners will meet in March to advance the negotiations.
- The two sides agreed to define an “ever-closer association” by their next summit in 2027.
- Canada and the EU concluded substantive negotiations on a digital trade agreement to ease business activity and data transfers across the Atlantic.
- Canada and the European Investment Bank concluded negotiations on an agreement to encourage investment in Canadian critical minerals.
- Canada will take part in a European supercomputing initiative.
- The two sides also concluded negotiations on a competition agreement and will explore linking their instant-payment systems.
- The leaders launched the Alliance for the Future to expand cooperation on trade, research and security.
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