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New EU-Canada Partnership to bolster trade, competition and economic security while prioritizing clean energy and industry

  • On June 25, 2025, Canada and the European Union formalized an agreement to enhance collaboration on key security and defence issues.
  • Following Prime Minister Mark Carney’s announcement alongside European leaders, Canada and the EU committed to establishing a forward-looking and wide-ranging partnership to enhance cooperation not only in security but also in trade, economic stability, and climate initiatives.
  • The partnership will launch negotiations across multiple areas, including trade, supply chains, digital transition, clean energy, and industry, leveraging Canada's abundant natural resources and the EU's investments.
  • New Economy Canada, uniting over 60 companies and Indigenous groups with $200 billion CAD in revenues, emphasized the need for affordable access to clean energy and critical minerals to support this transition.
  • This comprehensive partnership could enhance economic opportunities, industrial growth, and security for both parties while moving Canada closer to diversified supply chains and reduced reliance on the US.
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On 23 June, Ottawa and the European Union inaugurated what the Canadian Prime Minister called ‘A New Era of Transatlantic Cooperation'.

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caithness-business.co.uk broke the news in on Tuesday, June 24, 2025.
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