Joint Statement: The European Union and Canada building together an Alliance for the future

1. Today we, the Leaders of the European Union (EU) and Canada, at our 21st Summit in Montréal, launch the EU-Canada Alliance for the Future to create a common prosperity and economic security space.

2. The strong partnership between the EU and Canada is deeply rooted in trust, shaped by a shared history of human connection and robust economic ties, and grounded in the core values we share: democracy, human rights, the rule of law, the rules-based international order and open, rules-based markets. We are strategically important partners, close friends as well as neighbours.

3. Our relationship already encompasses one of the world’s most successful free trade agreements as well as extensive cooperation in a wide range of areas, including security, defence, sustainable development and people-to-people exchanges. However, the world is changing rapidly. Geopolitical tensions, economic fragmentation, climate change, technological transformation and growing competition for energy, resources and strategic technologies are reshaping the international environment. In this context, the EU and Canada are building a deeper, more integrated and strategically aligned relationship.

4. By strengthening economic ties, reducing shared vulnerabilities, and building resilient supply chains, the EU and Canada will be better equipped to address shared global challenges and support sustainable growth. These efforts will complement our relationships with like-minded partners and reinforce the democratic values, economic openness, and shared security interests that underpin our cooperation.

5. Our Alliance for the Future will be based on the principle of reciprocity in industrial sectors where both sides have agreed to deepen strategic cooperation to identify and mitigate shared economic security concerns and to build more integrated and resilient supply chains across our markets.

6. Our Alliance for the Future will be anchored in a more active foreign and security policy partnership. We will continue strengthening consultation and coordination on global challenges, including in the G7 and G20 frameworks, and advance joint or mutually reinforcing initiatives in key regions and multilateral fora, together with partners from around the world.

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Source: European Commission