
Brussels – On Monday, the European Union finalized a cooperation agreement with Canada focused on defense and trade, which Commission President Ursula von der Leyen referred to as the “beginning of a new chapter in a long-standing friendship.”
Canadian Prime Minister Mark Carney emphasized his commitment to enhancing Canada’s partnerships with its “most reliable allies who share our values,” subtly sidestepping the recent conflicts with the U.S. under Trump.
This agreement primarily aims to integrate the Canadian defense sector more closely with Europe’s initiatives to restructure its industrial base.
In the long run, it may enable Ottawa to engage in joint procurement through a €150 billion loan program recently endorsed by the EU to boost the rearmament of its member states.
Additionally, it opens opportunities for Canadian firms to take part in this initiative, though a separate agreement will be necessary to facilitate this participation. (June 23, 2025)













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