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EU and Canada Prepare to Sign Security Pact Ahead of NATO Summit

www.bloomberg.com

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cross-posted from: https://scribe.disroot.org/post/3248948

Archived version

  • The European Union and Canada are expected to sign a security and defense partnership on Monday, which will pave the way for Canada and EU members to join together on military purchases.
  • Canadian Prime Minister Mark Carney is seeking to strengthen Canada's global and economic position by forging stronger trade and security ties with non-US allies, following President Donald Trump's trade war and threats to Canada's sovereignty.
  • The EU and Canada will launch negotiations for a digital trade agreement and discuss areas for coordination, including tweaks to their existing trade deal, and Canada's potential participation in the EU's joint military procurement loan fund, SAFE.
  • Other non-EU nations, including the United Kingdom, have already struck their own strategic agreements. Australia signalled last week it has started negotiations on a deal with Europe.
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