The EU and Canada negotiate a Trade & Security Agreement
- Portugal Business News - Valerie Charoux
- 4 hours ago
- 2 min read
Business News Europe - The EU and Canada are negotiating a Trade and Security Agreement, according to a Bloomberg report dated September 8th, 2026:
In a move towards building an alternative to US trade policies, the EU and Canada are negotiating an agreement focused on trade, security, supply chains, and critical raw materials. The EU Canada Trade and Security Agreement is expected to be formalized on September 16th, 2026, and to be announced during the State of the Union address in which the President of the European Commission will outline the EU`s main priorities for the following year. Canadian Prime Minister Mark Carney is expected to attend the session and to address the European Parliament the following day.
The EU and Canada are also considering a collaboration within the framework of the Trans-Pacific Partnership, a multilateral trade agreement of which Canada is a party, during a summit between the European Union and Canada that is scheduled for October 2026.
Canada was the first country outside the European Union to join the EU SAFE weapons program in December 2025. Canada´s participation in the EU's SAFE Defense industry support program includes a budget of 150 billion euros, that aims to provide member states with loans on favorable terms for joint arms purchases. The EU SAFE program is expected to strengthen Europe's Defense industrial base through joint purchases that will benefit all participating countries. The EU is seeking to develop a Defense industry to counter the threat from Russia and to mitigate its dependence on the United States.
