EU and Canada prepare large-scale partnership with focus on strengthening support for Ukraine

Announcement of new partnership to take place this month

The European Union and Canada are in the final stages of preparing to announce the establishment of a new large-scale partnership. As journalists learned, the official announcement is scheduled for the current month. This initiative entails not only a joint response to geopolitical risks but also enhanced support for Ukraine.

Areas of cooperation: from digital trade to energy security

Cooperation between Brussels and Ottawa is set to cover a wide range of areas, ranging from removing barriers in digital trade to joint assistance for Ukraine. The draft joint statement, which came into the possession of the media, notes that the modern world faces unprecedented challenges in geopolitics, trade, energy, technology, climate and resources. The parties consider this situation the reason for the need to combine efforts.

Investments in critical minerals and strengthening supply chains

During the summit to be held in Montreal, representatives of the EU and Canada plan to declare their intention to accelerate investments in the extraction of critically important minerals. In addition, the parties want to strengthen supply chains and increase the security of deliveries. Specifically, this involves building stocks of strategic resources. This approach is intended to help mitigate the consequences of “market fluctuations and geopolitical repercussions”.

Strategic course towards mutual benefit

The text of the draft statement includes the following quote: “We will align strategies and standards, unite industries and focus our ambitions on sectors that will bring the greatest benefit to our peoples”.

Details of how exactly the EU and Canada plan to implement the joint strengthening of support for Ukraine are not currently disclosed.