EU and Canada Forge Closer Ties Amid Global Challenges
In a landmark summit, European Commission President Ursula von der Leyen and Canadian Prime Minister Mark Carney agreed to deepen their partnership, with Carney embracing the concept of 'associate membership' for Canada. The EU and Canada signed a framework agreement to open up the European Investment Bank's lending arm to Canadian critical minerals, crucial for future tech. This deal aims to reduce the EU's dependence on China for critical raw materials. The two sides also committed to a 'long-term feasibility study' on exporting liquefied natural gas from Canada to Europe via the east coast or Arctic ports. Canadian Defense Minister David McGuinty emphasized the importance of Canada's critical minerals, stating that the country has a 'huge amount' of the 10 critical minerals on the NATO short list. The summit's focus on sovereignty and collective security reflects the leaders' concerns about climate change, democratic norms, and trade weaponization. Quebec's separatist government, which boycotted the summit, had sought a similar role to Ottawa in the CETA trade talks with the EU. The Europeans faced criticism for von der Leyen's English-only speech and Commission Executive Vice-President Teresa Ribera's comment that summits like this are between national governments.
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