Joint Initiatives with European Union Leaders
June 4, 2007
4 June 2007
Joint Initiatives with European Union Leaders
The government announced the following information on economic partnership with the EU in a press release issued this afternoon.
Economic relations between the EU and Canada are healthy, with dynamic and increasing trade and investment flows. We reaffirm our strong commitment to conclude promptly the WTO Doha Development Agenda (DDA)….
Complementary to the multilateral process, and building on our negotiations toward a Canada-EU Trade and Investment Enhancement Agreement (TIEA), the EU and Canada are working on further advancing EU-Canada economic integration and facilitating trade and investment flows. In that light, we have today agreed upon several concrete steps to support the competitiveness of our economies…
The EU and Canada agree to:
Cooperate on a study to examine and assess the costs and benefits of a closer economic partnership. This study will examine the existing barriers, especially non-tariff, to the flow of goods, services and capital, and estimate the potential benefits of removing such barriers…. Leaders will review the results of this study at the 2008 Canada-EU Summit with a view to pursuing balanced and closer future EU-Canada economic integration.
Intensify work on regulatory co-operation, which makes a crucial contribution to the strengthening of trade and investment relations….
Open negotiations toward a Canada-EU Comprehensive Air Services Agreement to improve links between our respective aviation markets by expanding our international air services opportunities….
Welcome the agreement on a bilateral European Community-Canada Air Safety Agreement and confirm that it should be signed as soon as possible.