Finance
EU and Canada to deepen ties with new security pact
Published by Global Banking & Finance Review®
Posted on June 23, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 23, 2025
2 min readLast updated: January 23, 2026
EU and Canada deepen ties with a new security pact, enhancing cooperation in defense, cyber security, and digital regulation.
(refiles to remove extraneous word in headline, no change to story text)
BRUSSELS (Reuters) -The European Union hosts Canada for a summit on Monday designed to deepen their already close ties as both face increased geopolitical threats, including a more hostile U.S. president, Russia and Middle East instability.
European Commission President Ursula von der Leyen and European Council President Antonio Costa, who chairs EU summits, will greet Canadian Prime Minister Mark Carney for a two-hour meeting in Brussels, a day before a NATO summit in the Hague.
EU officials said the EU-Canada summit was not a "business as usual" meeting and marked a new era in bilateral ties.
The two allies, who already have a free trade agreement, are due to agree to a security and defence partnership, the first the bloc has struck with a country from the Americas.
The partnership will involve joint work on crisis management, cyber, maritime and space security, arms control, as well as support for Ukraine, which Russia invaded more than three years ago.
It will also pave the way for Canadian companies to access the 150 billion euro ($172 billion) EU joint procurement programme SAFE.
The two partners are also expected to launch negotiations on a digital agreement designed to shape global rules for data, such as on e-signatures and consumer protection or limits on spam.
A draft of the joint statement refers to alignment of standards in digital regulation to make online platforms safer and more inclusive and AI systems more trustworthy, areas of regulation on which the United States has criticised the EU.
($1 = 0.8721 euros)
(Reporting by Philip Blenkinsop, Editing by Franklin Paul)
The summit aims to deepen the already close ties between the EU and Canada in response to increased geopolitical threats.
A security and defence partnership will be agreed upon, marking the first such agreement the EU has struck with a country from the Americas.
The partnership will involve crisis management, cybersecurity, maritime and space security, and arms control, among other areas.
The agreement will allow Canadian companies to access the EU's joint procurement programme, valued at 150 billion euros.
The digital agreement aims to shape global rules for data, focusing on e-signatures, consumer protection, and making online platforms safer.
Explore more articles in the Finance category
