Canada calls for new economic alliance with Britain and EU
Officials say the plan could create one institution to finance defense companies and help allies meet NATO spending targets.
- Canadian Finance Minister François-Philippe Champagne urged Britain on Monday to "team up" with Canada and the European Union, arguing closer partnerships are needed to build an "alliance of the future."
- Rising trade tensions with the United States, including President Donald Trump's imposition of hefty tariffs, have prompted Canada to seek economic partnerships beyond its southern neighbor after a trade deal collapsed last month.
- European Commission President Ursula von der Leyen proposed "opening the door" to an unprecedented associate EU membership for Canada, facilitating research and economic cooperation as Canada pledges to double its non-US trade over the next decade.
- British Prime Minister Andy Burnham prepares to meet President Donald Trump at the UN General Assembly in New York this week while the UK government identifies deciding on Canada's initiative as an "early priority."
- Officials emphasize the partnership is "not against anyone else" and aims to strengthen sovereignty for middle powers; Trump threatened further tariffs if the arrangement proves "hostile" to the United States.
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19 Articles
Canada and the U.K. consider merging financial initiatives to rearm against Russia
Canadian and British officials are considering merging two multinational defence initiatives to help a broader network of allies rearm against Russia and other growing international threats, a Canadian official said.
Canada calls on the United Kingdom to join the cooperation between the EU and Canada. Together with the EU, the countries can carry sufficient weight for the ‘alliance of the future’. Speaking to the British BBC, Canadian Finance Minister François-Philippe Champagne said: ‘The world has changed. America has changed. So we must change.’
Canadian Finance Minister François-Philippe Champagne proposed that the United Kingdom join the economic alliance that Ottawa negotiates with the European Union. The initiative seeks to strengthen cooperation between the so-called 'middle powers' in terms of growth and security, in a context marked by trade tensions and tariffs imposed by the United States.
Canada invites the UK to join a new alliance with the EU against the backdrop of a trade dispute between Ottawa and the US and plans for associate membership.
Analysis: Canada and the EU have set unique ambitions for an alliance that could change the world we live in. It's a lot about economics and trade. But it's just as much about values. The new fraternity is putting enormous pressure on Britain.
Canada invites the UK to join its economic alliance with the European Union
Canada's Finance Minister, François-Philippe Champagne, has proposed that the United Kingdom join the economic alliance Ottawa is negotiating with the European Union, in comments to the BBC. 'We are independent and sovereign, but we are stronger together,' he said. The British government has not publicly responded to the proposal.
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