Canada-EU Relations

In 2023, Canada and the European Union (EU) continued to strengthen their longstanding relationship through multifaceted collaborations. The Canada-European Union Summit held in December 2023 marked another decisive moment in the bilateral partnership, focusing on key areas such as trade, climate action, and global cooperation. 

The Prime Minister, Justin Trudeau, hosted the 19th Canada-European Union (EU) Leaders’ Summit in St. John’s, Newfoundland and Labrador, joined by the President of the European Council, Charles Michel, and the President of the European Commission, Ursula von der Leyen.

Canada reiterated its strong commitment to ensuring the full and effective implementation, and further expansion of our cooperation under the Strategic Partnership Agreement (SPA) and the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).  With the increasing demand for clean energy in Europe, Canadian resources such as critical minerals and hydrogen will play a crucial role in meeting this demand, thereby creating more job opportunities and driving economic growth for Canadians. The Prime Minister has also highlighted the significant progress made in Canadian hydrogen exports bound for European markets. 

The Leaders from Canada and Europe have launched the Canada-EU Green Alliance to strengthen their partnership in tackling climate change, biodiversity loss, and pollution. Additionally, Canada has welcomed the European Union as the latest partner in the Global Carbon Pricing Challenge. Pollution pricing has been identified as the most effective and efficient solution for combating climate change while supporting the middle class. Furthermore, the Leaders have announced the Canada-EU Digital Partnership, Canada-EU Digital Partnership, which aims to address new challenges in digital transformation through collaboration and innovation. Canada will continue to increase its collaboration under Horizon Europe, which is the world’s largest research and innovation program.

EUCCAN present at Canada-EU Leaders Summit 

EUCCAN’s president Adrian Thomas had the honor of engaging with the Ursula von der Leyen and Justin Trudeau at the Canada-EU Summit on issues that matter to European businesses, small, medium, large operating in Canada. Vasileios Tsianos, a Board Member and the director of Neo Performance Materials, was part of EUCCAN’s delegation. Neo Performance Materials is considered a flagship success story for the partnership between the EU and Canada on Critical Raw Materials. 

EUCCAN’s joint statement with Business Associations from Canada and Europe 

On the occasion of the summit, EUCCAN was very pleased to join business groups in Canada and Europe calling for renewed ambition on the EU-Canada trade relationship, including  BusinessEurope Canada EU Trade and Investment Association (CEUTIA)
Eurochambres ESF (European Services Forum) Canadian Chamber of Commerce Canadian Federation of Independent Business. 

The full statement: 

While implementation work remains, it is important to celebrate the successes of #CETA to date and work on more and better trade for a stronger Canada-EU relationship, especially during a time of rising protectionism. CETA can serve as a vehicle for a deeper and more sustainable economic relationship between Canada and the EU by providing a platform to address issues including minimizing regulatory and misalignment that hinder trade. 

For this to happen, the group called for greater transparency in the prioritizing and pace of policy discussions and the involvement of all stakeholders, in particular business stakeholders, in this process.

The group also called on the EU and Canada to continue their support for multilateral institutions and rules-based international commerce which must remain at the core of European and Canadian economic and trade policy. In particular, we call on the EU and Canada to work together towards a successful 13th WTO Ministerial Conference and do their utmost effort to restore binding dispute settlement and ensure the extension of the WTO Moratorium on custom duties on electronic transmissions.

Taking Stock of CETA & What’s next for the Canada-EU Relationship

EUCCAN organized a conference in Ottawa to take stock of the CETA and the Canada-EU relationship, which was attended by diplomats, senior officials, business leaders and parliamentarians. 

Marie-France Paquet, Chief Economist at Global Affairs Canada kicked off the event with a presentation on bilateral trade and CETA utilization rates. The first panel discussion focused was focused policy and highlighted the need for greater regulatory cooperation as well as areas and structure of the agreement that offers a framework to discuss the evolving nature of trade. The second panel discussion provided business perspectives, including how CETA serves the purpose of de-risking , as well as limitations that may impact businesses and the need for policy-makers to include business perspectives into the fold in order for provisions to remain in line with the times. 

A summary of the event prepared by Canadian Global Affairs Institute‘s Charlotte Duval-Lantoine is available on EUCCAN’s website. 

Artificial Intelligence Across the Atlantic 

EUCCAN and the Consulate General of the Czech Republic organized a timely discussion on the current state of Artificial Intelligence in the EU and Canada. This event took place on the occasion of the Czech Republic’s AI mission to Canada. This conference was and the Ontario Ministry of Economic Development, Job Creation and Trade.

The conference was organized as policymakers around the world are intensifying discussions on balancing necessary regulation with maintaining favorable environment for tech companies: in recent months, the European Union adopted the Artificial Intelligence Act, the world’s first comprehensive AI law that aims to address different levels of risk posed by AI; Canada has introduced the Artificial Intelligence and Data Act (AIDA), to set the foundation for the responsible design, development and deployment of AI systems. The panel discussions addressed a number of important points: How are these developments affecting commercialization of AI tech in Europe vs. Canada? What are opportunities and challenges for trade between Canada and the EU? What role for the CETA?

CRH
Hammond

EUCCAN Welcomes Two New Members : CRH and Hammond Power Solutions

EUCCAN was pleased to welcome two new members this fall. 

CRH is the leading provider of building materials solutions that build, connect and improve our world. Employing c.75,800 people at c.3,160 operating locations in 29 countries, CRH has market leadership positions in both North America and Europe.

As the essential partner for road and critical utility infrastructure, commercial building projects and outdoor living solutions, CRH’s unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies.

A Fortune 500 company, CRH’s shares are listed on the NYSE and LSE. 

CRH is headquartered in Dublin, Ireland. 

Hammond Power Solutions is one of the largest manufacturers of dry-type transformers in North America. We engineer and manufacture a wide range of standard and custom transformers that are exported globally in electrical equipment and systems. We support solid industries such as oil and gas, mining, steel, waste and water treatment, commercial construction, data centers and wind power generation.

HPS leads the industry in these markets through its technical design strength, breadth of product, and manufacturing capabilities, making HPS a stronger company both fundamentally and financially. 

Hammond Power Solutions (HPS) was established in 1917 and has continued to grow as the North American stand-alone leader for the design and manufacture of high quality custom electrical dry-type transformers and related engineered magnetic devices. The company is also a significant producer of standard products that are built to industry wide specifications.

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