Canada, EU Launch Alliance for the Future

MT Newswires Live10-31 05:59

Canada and the European Union on Friday launched the Alliance for the Future to deepen cooperation on trade, technology, energy and security, aiming to lower costs and expand opportunities for businesses and citizens.

The partnership includes concluded negotiations on a digital trade agreement and a competition agreement, as well as Canadian participation in the European High Performance Computing Joint Undertaking.

The sides will also explore expanded cooperation on research, payment systems, banking and insurance.

Canada and the EU announced measures to strengthen critical minerals supply chains and defence industrial cooperation. They will also work together on AI solutions for wildfires and extreme weather events. They will assess the feasibility of increased Canadian liquefied natural gas exports to Europe.

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