Key facts
- EU and Canada agreed on a framework to boost trade in critical minerals and energy.
- European investments in Canadian critical raw materials will be facilitated.
- The European Investment Bank will be involved in these investments.
- A feasibility study on Canadian LNG exports to Europe will be undertaken.
- The agreement covers cooperation on raw materials projects in third countries.
The European Union and Canada have reached an agreement to enhance trade in critical minerals and energy resources. The framework, confirmed by the EU on Friday, October 30, 2026, will facilitate European investments in Canadian critical raw materials, with the European Investment Bank set to play a role. Additionally, the two jurisdictions will conduct a feasibility study on exporting Canadian liquefied natural gas to Europe. This agreement is part of a wider effort to deepen ties between the EU and Canada, encompassing areas such as security, trade, technology, and artificial intelligence.