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Canada — Trade — Economy

Mark Carney Moves Canada Closer To Europe As Trade War Escalates

Carney stressed that Canada is not seeking full EU membership but is exploring what he called a “unique alliance” with the 27-nation bloc.

,   and  TIPP Staff
2 min read
Canada Prime Minister Mark Carney

Canada is pursuing a closer relationship with the European Union as trade tensions with the United States continue, Prime Minister Mark Carney said.

Carney stressed that Canada is not seeking full EU membership but is exploring what he called a “unique alliance” with the 27-nation bloc.

According to the report, discussions could include reducing trade barriers, expanding energy links, building AI infrastructure and potentially allowing Canadians greater access to European work and residency rights.

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Canada and the EU already have a major trade relationship under their Comprehensive Economic and Trade Agreement. Bilateral trade in goods and services reached €130.8 billion last year, according to the European Commission.

Several European leaders have welcomed closer ties, although full Canadian membership remains legally and geographically unrealistic.

Support for stronger EU relations is growing in Canada. An Abacus Data survey found about 80% favored deeper cooperation. Opposition Conservative leader Pierre Poilievre, however, rejected both EU membership and closer integration, saying Canada would be neither the “51st state” of the U.S. nor the “28th” EU state.

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tippinsightsPower & Capital Desk

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