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00:02European Commission President Ursula von der Leyen said Wednesday that the European
00:05Union is opening the door for Canada to become the bloc's first associate member, according
00:09to CNBC.
00:11Von der Leyen said the EU wants to bring its relationship with Canada to the highest level
00:15possible as Ottawa seeks closer economic and security ties with Europe.
00:18Canadian Prime Minister Mark Carney has previously backed a unique security and economic alliance
00:23with Europe, but not full EU membership.
00:25Canada is also locked in a trade war with the US and has pledged to match Trump's
00:30tariffs dollar for dollar.
00:32The EU and Canada already have a free trade agreement that eliminated 99% of tariff lines
00:37when it provisionally took effect in 2017.
00:40Von der Leyen said the two sides would seek deeper cooperation on AI, climate change, geopolitics,
00:45and Arctic security.
00:46For all things money, visit Benzinga.com.
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