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Brussels Live
Transcribed and translated by AI

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That will leverage our strategic capabilities
and a variable geometry of like-minded

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nations to address common issues. The
alliance will focus on increasing our

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collective sovereignty and resilience
in areas such as AI, energy, critical

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minerals, quantum, and beyond. And in
parallel, and at the foundation, we are

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working toward the deepest possible
partnership, short of accession, because of our

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geography, with Canada becoming the
European Union's first associate member.

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In the coming months, we will determine the
full substance, scale, and scope of this

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new form of membership. The Presidents
and I will meet periodically to track

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progress. In March, we will convene the
College of the European Commissioners and

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our federal cabinet here in Canada. To
advance this work, and in June, I have

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accepted President Costa's invitation to
attend the European Council meetings where

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we intend, by that point, to conclude
these negotiations and discussions.

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And I want to spend a few moments—if I
may—just talk about what this means for

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Canadians: the parallel points,
of course, hold for Europeans.

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Well, it means more opportunity, greater
affordability, and yes, deeper sovereignty.

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Canada being an associate member of the
European Union creates opportunity that

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starts with our young people. We'll begin
negotiations to expand our participation

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in Erasmus+. Europe's world-renowned
student and skills exchange program.

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So what does that mean? It means through
this program, a Canadian student can pursue

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their studies, in Barcelona, just
as easily as they could at McGill.

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It means an apprentice welder in Manitoba
can bring—and complete—their placement

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with an employer in Italy,
bringing new skills back home.

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For our researchers, this would mean
gaining access to Jupiter, one of the most

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powerful supercomputers ever built. For
example, Jupiter can perform in a single day

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a calculation that would take six months.
This is the most powerful research

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supercomputer here in Canada. For our
researchers fighting cancer, this means a

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response as early as tomorrow,
rather than next spring.

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Canada will launch negotiations to
participate in the next generation of Horizon

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Europe programmes. This participation
will enable our researchers to pool their

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resources, collaborate on cutting-edge
technologies and take advantage of our

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world-class research
institutes and universities.

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By pooling our resources, we bring together
more talent and pave the way for more

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discoveries.

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For our entrepreneurs, the digital trade
agreement that you just saw signed combined

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with seamless payments will make
it easier to sell online in Europe.

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So a business owner in Manitoba, or a
lobster harvester in Prince Edward Island,

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will clear customs faster, getting their
products to European markets at tech

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startup in Vancouver will have a
smoother path to customers in Berlin.

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Bottom line: less red tape,
more growth, more opportunity.

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Second, affordability. This alliance will
enable our financial infrastructure to be

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directly linked to the European
instant payment systems.

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So, transactions that previously
required weeks of delay and redundant

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administrative formalities will now
be carried out without difficulty.

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We've concluded as well negotiations for
a new Canada-EU competition agreement,

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which will promote competition in sectors
from consumer goods to technology, while

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cracking down on anti-competitive
practices online.

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We'll explore opening our markets to each
other's banks, insurers, and fintechs—more

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competition means better, more
affordable services for families.

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And most fundamentally, all Canadians will
benefit from more ready access to a wide

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range of European goods and services.
Thirdly, today is about sovereignty.

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We're building the industries and
infrastructure that underwrite our collective

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security.

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In a show of support, Canada has become
the first non-European country to join the

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SAFE initiative. Right here in Montreal,
Canadian workers at Marconi and Galvion are

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manufacturing military equipment
for our allies in Poland and Latvia.

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The global eye is fabriqué ici,

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as part of a partnership between SABE
and Bombardier, supporting 3,000 Canadian

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jobs. And this is only the beginning.

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Because in the other direction, of course.

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Europe already buys Canadian water bombers,
and as part of this agreement, we are

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backstopping a significant increase—Canada
is a significant increase in water bomber

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production—the Haviland will soon open a
second production line in Wheatland County,

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Alberta, the company will significantly
increase the production of this world-class

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aircraft to help Canadians and Europeans
fight the increasingly devastating

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firefighters.

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Canada is already establishing itself as
a supplier of choice for Europe’s energy

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needs. Thanks to new supply agreements
between Silicon Safe and Juniper, low-carbon

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LNG from British Columbia will power
households and industries in Germany.

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Through our new alliance, through our
new partnership, Canada is launching

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negotiations to join Galileo, Europe's
positioning navigation and timing system, and

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this will strengthen the reliability
of GPS services across Canada very much

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including the Arctic, building our
resilience with our most trusted partner.

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We're deepening cooperation on semiconductors,
we're taking the first steps towards

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new transatlantic and potentially
transarctic data cables.

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The point is, we're leveraging and complementing
each other's strengths and building

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our resistance, our resilience. Creating
more choice, ensuring that we are not

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beholden to others.

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Indeed, we are building a transatlantic
arch between Canada and the European Union.

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An arch founded on partnership,
balance and mutual respect.

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And like any great arch, its strength comes
from the support that each side gives to

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the other. The more we use
it, the stronger it becomes.

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The stronger it becomes, the more opportunities
it creates, and the more our lives

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improve.

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This alliance is built for people, the
student in Edmonton who wants to study in

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Stockholm, the cancer researcher in Saskatoon
who needs her answer today, not next

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spring, the Vancouver startup
with new customers in Berlin.

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The sovereignty for all of our citizens.
Sovereignty gives us more choice, the

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freedom to live our lives as we choose
on our own terms, the ambition to build a

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better, more prosperous world for
ourselves, our children, and our children's

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children. Today we move towards associate
membership for Canada, and we launch a new

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alliance for the future that will deliver
now and in the future with like-minded

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nations. We're just getting started. And
with that, it's my pleasure to hand to

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President Costa.

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Dear Marc, dear Ursula, Ministers,
Commissioners, good morning, all.

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First of all, thank you to Prime Minister
Marc Carney for your warm welcome here in

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Montreal. Between Europe and Canada,
there is an ocean that brings us closer.

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The Atlantic has made us share history
and our values, and it inspires us in our

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ambitions. The summit we have just held
has demonstrated this in a resounding

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manner. Let us take a moment
to recall how we got here.

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He is 50 years old. In 1976, Canada and
the European Communities signed their first

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bilateral agreement. Ten years ago, our
Comprehensive Economic and Trade Agreement –

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the famous CETA – and our Strategic
Partnership Agreement marked a new step,

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strengthening our economic ties and
our structured political cooperation.

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Today, we are jointly
choosing a new course.

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One of a partnership for the future
and an ever closer association.

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To consolidate our common prosperity, to
strengthen our security, and to give a

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dimension new momentum to
our political cooperation.

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This alliance has as its primary objective
to deliver concrete results for our

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citizens, for our businesses,
and for our workers.

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And to do this, we must
honour our commitments.

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Our economic partnership is working.
Since the entry into force of CETA, trade

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between Canada and the European
Union has increased by nearly 80%.

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And we intend to go even further. We are
concluding a new agreement on digital

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trade. We are strengthening our
investments in our respective economies.

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We are making progress towards better
mutual recognition of our qualifications.

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We are deepening our cooperation on
competitiveness and economic security.

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In short, we are making our partnership
an engine for growth and employment.

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We are also making progress in implementing
our security and defence partnership.

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Through strengthened industrial cooperation,
and also through Canada's participation

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in our SAFE programme, the first
non-European country to join it.

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And we are working hand in hand to
support Ukraine, in the face of the war of

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aggression waged by Russia
for almost five years.

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In this regard, I would like to commend
the decision taken by the Prime Minister to

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contribute through the
Ukraine Support Loan.

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This is a strong signal of our joint
commitment alongside Ukraine, for the long

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term, and for as long
as it will be necessary.

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Our second objective is
to look ahead together.

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We want to build a never
closer association.

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What does this mean in practice
for our citizens and companies?

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It means fewer barriers to trade, more
investments, and closer cooperation on

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critical raw materials. It means deepening
collaboration in research and innovation,

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building on the success of Canada's
participation in Horizon Europe.

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It means better protecting our citizens
against health crises and natural disasters.

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Canada's contribution to tackle wildfires
in Europe has demonstrated the strength of

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our solidarity. It means bringing our
people closer together, making it easier to

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study and work across the Atlantic,
including through a new use mobility

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partnership. Finally, it means deepening
our political and institutional ties.

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And this is our third objective: 50 years
ago, our first framework agreement spoke

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on common heritage, and especially affinity
and the shared aspirations that unite

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us. Today, the time has come to build
a broader and deeper political and

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institutional partnership, one that reflects
the major partners, strategic allies,

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and close friends we have become. That's
why we are starting a never closer

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association. Our relationship is so special
that we want to create something new:

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to go beyond a simple association,
everything short of a full EU membership.

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Our association will be the closest
deepest and most unique of its kind.

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We will do it through closer engagement
at the highest political level.

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And by identifying shared priorities,
and coordinating our responses to common

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challenges. We are already
putting this into practice.

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Dear Marc, I was delighted to welcome
you in the Eravan last May as the first

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non-European leader to attend a European
political community summit, and we look

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forward to welcoming you
again in Dublin in two weeks.

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Thank you. But we can go further. It is
great news that you and Ursula agreed to

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have a college-to-government
meeting in the spring.

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And I will be delighted to host you
during the European Council, in June.

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Like you, Marc, I believe that our
alliance should serve as a beacon for other

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democracies. At a time where the international
rules-based order is under pressure,

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we share our special
responsibility to defend it.

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And we have seen the
power of our cooperation.

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When the European Union and Canada jointly
launch the Partners for Multilateralism

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Initiative during the last United Nations
General Assembly, many other United

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Nations quickly joined our call for effective
multilateralism and collective action

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to uphold international law
and tackle global challenges.

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We are choosing to navigate a new course
across the Atlantic together, with a clear

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direction and a shared
determination to shape the future.

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Today, we embark on a new chapter. With
ambition, with confidence, and with the wind

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in our sails. Thank you very much.

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Thank you very much. Very good. Well done.

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Thank you very much, and good
afternoon, dear Marc, dear Antonio.

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And hello. Since we are in Quebec, and it
is only natural that we should meet here

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in Montreal to talk about the
future of our relationship.

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Montreal is a city built
on the meeting of peoples.

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It is a city that symbolises what unites
Canada and Europe, for many long centuries.

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And without a doubt, Canada is the
most European country outside Europe.

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Because what brings us together
goes far beyond geography.

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We see the world through the same eyes.
What matters nowadays is not where a country

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is on the map, but what it is ready to
build with us, and what it stands for.

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In a world of fierce
geopolitical headwinds.

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These headwinds won't stop blowing. This
change is permanent, and now it is time to

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act with confidence and with
vision, to build a new future.

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And this is what makes today's summit
so unique and, as you said, so historic.

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Today we haven't looked
backwards. But only forward.

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Setting out a vision for the future. We
both want to bring our relationship to the

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highest level possible, so at the summit,
one of the main points we discussed was

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the idea of Canada becoming an
associate member to the European Union.

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And our idea is simple: it is an
association with out-accession, because the

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treaties are clear and don't allow it,
a country outside Europe cannot join the

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European Union, but we can replace the
term accession with a common ambition and

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vision. We can build a partnership that
comes closer to membership than anything

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we've done before. The
three clear objectives:

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more opportunities, for our people. More
prosperity on both sides of the Atlantic.

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And greater security for all
of us. How do we get there?

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We're looking at three pillars:
policies, programs, and governance.

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First on policies: we want to shape
more of our policies together.

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With much closer alignment, from climate
and energy to AI innovation and security,

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you just name it. We want to consult each
other at all stages, so from inception to

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implementation. The second
pillar is about programs.

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We want Canada to participate more
fully in European Union programs.

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You are already in SAFE, our
defense industry program.

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Now we want to expand our cooperation on
the Horizon Europe, for example, and bring

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Canada fully into Erasmus+, because we
want our people to study, to work, and to

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research and innovate together.

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Because these are the strongest bridges
across the Atlantic, and built through

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millions, of individual stories.

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Yeah.

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And the third pillar is governance. We
want to bring our institutions much closer

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together, and the fact that 10 members
of my college college are here, joined me

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today, this already speaks
volumes about our ambition.

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And indeed, we will organize a full
government-to-college meeting in spring, and

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this cooperation could also entail, for
example, parliament-to-parliament or

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court-to-court, or yesterday when we
saw the business sector, there was the

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suggestion to do business-to-business.
Yes, the concept of an associate member is

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uncharted territory. But we have the
ambition, trust, and creativity to shape it

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together. And to be crystal clear, this
is a partnership, not against anyone else,

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but for our common strength. Bilaterally,
this is the highest form of partnership.

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But we have also looked beyond our bilateral
relationship to the world as a whole.

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Indeed, you said, Marc, the new international
order will also be built from Europe.

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Mm.

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With Canada as part of it. And in a world
of growing rivalries, sovereignty is no

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longer the freedom to act alone, but
it is the capacity to act together.

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And this is why we're building
the Alliance for the Future.

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And we start with Canada, the European
Union, and Canada kind of the nucleus.

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Together we want to create a common space
for growth, prosperity, resilience, and

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economic security, and today we took
the first concrete steps towards it.

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First, we concluded negotiations on our
digital trade agreement, we just witnessed

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it. Think of this digital trade
agreement as the digital arm of CETA.

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Second, we're finalizing an agreement
between Canada and the European Investment

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Bank. It is about investment
in critical raw materials.

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Third, we are opening Europe's
supercomputing infrastructure to Canada.

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Giving our researchers and businesses
more opportunities to innovate together.

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We're strengthening our joint ambitions
to lead on innovative and trustworthy

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artificial intelligence. And fourth, on
space, we're deepening cooperation on secure

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satellite connectivity, we're exploring
Canada's participation in our Galileo IRIS

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Square or GovSatCom
programs, and more to come.

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And finally, we're also joining
forces in the information space.

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With a new framework for democratic
resilience, to better protect the integrity of

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our democratic processes. Dear Marc,
let me finish with a word on Ukraine.

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Canada has always been at the side of Ukraine
and the Ukrainian people, and we thank

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you for that. Today we agreed on Canada's
participation in our $90 billion Ukraine

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support loan, this sends a
powerful message to Ukraine.

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Together we're stepping up
our support for Ukraine.

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And I would like to conclude by thanking
the Prime Minister and his government for

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their exceptional hospitality. And I also
want to thank you for the quality of our

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discussion, I think I am speaking on behalf
of my friend Antonio when I say thank

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you for such a successful
summit. Thank you very much.

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Thank you very much. Thank you, thank you.

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For the European Union and then a
question for Canada, we will alternate.

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Please identify yourself
and who the question is for.

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Please, you register and to
whom the question is addressed.

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Première question, first question, EU.

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Thank you so much.

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Thank you very much, Alex.

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Can I have your TVP World? Prime Minister
Carney, we've just heard about you joining

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the EU support loan for Ukraine.

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Yes.

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Can you give us a bit more
information? How much?

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When? Would be very interesting to us. And
a question for President von der Leyen,

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if I may. We've seen strong pushback from
Germany on your decision to call this an

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associate membership for Canada, and with
elections across the European Union next

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year, seeming likely to return
even less sympathetic governments.

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Are you not worried that in about a
year's time all of this could be much more

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difficult, if not scrambled altogether,
in a very short one for both of you, if I

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may, at the outset? Would President Trump
be welcome in the Alliance for the Future?

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Thank you. Okay.

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On your first question, with respect to
the Ukraine loan, about $500, the short

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answer is about $500 million euros, actually
it is $500 million euros, will be our

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initial participation. This is a very
important and effective mechanism, and I

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actually commend the innovation of
President von der Leyen, the Commission, and

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President Costa in creating this.
Using frozen assets in order to provide

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much-needed financing for Ukraine. Of
course, what comes behind that is tangible

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support for defense and
reconstruction. In Ukraine.

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We had a broader discussion of the broader
financing needs and security needs of

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Ukraine as we often do, as we meet. There's
a number of other avenues with partners,

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and I'll make the point as by
way of illustration, if I could.

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Forgive me if it's not a perfect
analogy, but it's illustrative.

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As you're aware, we are members of the
coalition of the willing, as are many other

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countries. That is an example of an application
of what would be an alliance for the

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future. In that there's a specific
objective, which is to support the people of

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Ukraine, support the principles of territorial
integrity, freedom, democracy, that

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is focused on, as you
know, security guarantees.

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It's possibility through this mechanism,
this ambition, this nucleus, to broaden

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that level of support
using those mechanisms.

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And the only, what I would say, I'm going
to pick up and then I will hand, reinforce

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something that President von der Leyen
said, which is this is a positive

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association. This is a positive
alliance. This is four things.

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It's about creating opportunity building
prosperity, addressing sustainability, and

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reinforcing sovereignty. Why? So
we can live our lives as we choose.

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Our people can live their lives as they
choose and have the full freedoms that

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people enjoy in the European
Union and enjoy in Canada.

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So it's not against anything, it's for.
And those who choose to be for solutions

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will be pleased with the result.

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And I can pick up here indeed.

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Thank you.

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There's a broad support and shared ambition
among the member states, but you also

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00:31:40,014 --> 00:31:46,305
experience it in the European Parliament,
a vast majority that is for the fact to

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bring Canada closer to the European Union.

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We would have loved to discuss about
membership, full-fledged membership, but it is

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00:31:53,169 --> 00:31:57,814
impossible. We know that. And therefore
we are exploring the closest ever

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00:31:57,906 --> 00:32:05,660
association to the membership in the
European Union, and this is the start of an

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00:32:05,727 --> 00:32:10,233
intense work that we see here. We have
the vision, we have an idea, we have to

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00:32:10,283 --> 00:32:15,102
develop the framework, we have to fill
it with life now, but on one thing I'm

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00:32:15,168 --> 00:32:21,012
absolutely sure, having spoken a lot about
this idea in the last weeks, that is the

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00:32:21,080 --> 00:32:24,860
broad support to have Canada much,
much closer to the European Union.

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00:32:26,360 --> 00:32:28,400
Forgive me if,

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00:32:28,580 --> 00:32:34,987
small in French, it is necessary, just
as regards whether I can, as regards our

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00:32:35,094 --> 00:32:41,322
relations, Canada-European. So, it is
the closest possible collaboration and

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00:32:41,389 --> 00:32:47,016
partnership, without being a member
of the European Union, because that is

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impossible due to geography. But at the end
of the day, in every circumstance, it is

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00:32:55,069 --> 00:33:02,037
collaboration and a partnership for
things, for solutions, for viability, for

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00:33:02,111 --> 00:33:06,574
markets, for individuals, businesses,
researchers – all of that.

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And with this new Alliance for the Future,
it is about finding solutions on a large

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00:33:16,215 --> 00:33:24,459
scale, for example to defend Ukraine, for
the reconstruction of Ukraine, and for the

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00:33:24,516 --> 00:33:30,020
fight against climate change and financing
the fight against climate change.

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Perhaps I am also trying to say
this in French, if that is possible.

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Yes.

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There is enormous support among Member
States and European citizens to bring the

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European Union and Canada closer together.

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00:33:44,909 --> 00:33:51,153
And we are starting the work now, we have
an ambition, we have a vision, now we need

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00:33:51,363 --> 00:33:58,414
to define it. All the small details that
are necessary to move this work forward,

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00:33:58,469 --> 00:34:03,834
but the most important message is that we
have a large majority of citizens who want

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00:34:03,900 --> 00:34:05,300
closer ties with Canada.

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Very well.

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00:34:06,380 --> 00:34:08,300
Prochaine question, next
question, Christian Noël.

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00:34:11,060 --> 00:34:12,861
Madam President, Mr President,
Prime Minister, good morning.

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00:34:12,891 --> 00:34:17,782
Christian Noël, Radio-Canada. Yes. Madam
President, Mr President, Prime Minister,

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00:34:17,822 --> 00:34:19,840
good morning. Christian
Noël from Radio-Canada.

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00:34:19,919 --> 00:34:23,792
Yes. This is a two-part question. First,
for people at home, becoming an associate

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00:34:23,843 --> 00:34:26,204
member, what does it really
change for Mr and Mrs Average?

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00:34:26,242 --> 00:34:29,952
for ordinary people at home, what does
becoming an associate member actually change

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00:34:30,013 --> 00:34:33,120
for Mr and Mrs Smith in their daily
lives and in terms of the cost of living?

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And what about the cost of living? And
for Canadian businesses that fear getting

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00:34:39,356 --> 00:34:41,646
bogged down in a European
bureaucratic quagmire?

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00:34:41,704 --> 00:34:45,811
In which sector, Mr Carney, would you
like to see compromises at European Union

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00:34:45,855 --> 00:34:50,323
level or regulatory compromises? And for
Madam President, Mr President, are you able

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00:34:50,356 --> 00:34:54,271
to sell these compromises to your members,
to your Member States, without irritating

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00:34:54,310 --> 00:34:55,510
them?

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00:34:56,120 --> 00:35:02,874
So, first of all, with regard to opportunities
for Mr and Mrs Everyone, we start

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00:35:02,922 --> 00:35:10,238
with viability. More choice, lower
costs, goods, services European goods and

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00:35:10,294 --> 00:35:18,236
services here in Canada. A more competitive
financial sector, more competition in

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00:35:18,310 --> 00:35:24,931
the financial sector. This is due to
competition from European institutions and

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00:35:24,987 --> 00:35:34,030
payment methods here in Canada. For everyone,
with children, great opportunities for

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00:35:34,109 --> 00:35:40,248
children to study in Europe, to have
European students here in Canada.

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00:35:40,322 --> 00:35:46,878
To have opportunities to work there,
to travel there easily and quickly.

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00:35:46,969 --> 00:35:52,293
Opportunities for cultural
exchanges as well.

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00:35:52,376 --> 00:35:55,207
There are several of
these. There are several.

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00:35:55,255 --> 00:36:03,515
But at the end of the day, it is not
necessary to go to Europe to experience the

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00:36:03,582 --> 00:36:15,926
benefits of this partnership. As regards
your second question, what is important,

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00:36:16,162 --> 00:36:24,778
with this approach, then, the world
is dynamic, the economy is dynamic.

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00:36:24,856 --> 00:36:33,099
And we are both in the process of developing
new approaches, for example, for AI.

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00:36:33,191 --> 00:36:39,484
We can co-develop them
now. It is more efficient.

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00:36:39,633 --> 00:36:50,708
Yes, that would at least be more effective,
in my view, more impactful and better

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00:36:50,911 --> 00:36:55,410
developed, in fact.
This is the first thing.

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00:36:55,487 --> 00:37:03,055
Secondly, there is a process in Europe
and a process in Canada to duplicate the

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00:37:03,224 --> 00:37:12,215
regulations. So, this process or this
partnership reinforces these efforts.

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00:37:12,356 --> 00:37:23,222
So, there are several, and we will focus
on the examples over the coming months.

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00:37:23,285 --> 00:37:29,771
Thank you. Well, the 27 Member States
have approved our joint declaration.

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00:37:29,837 --> 00:37:38,104
And our joint declaration is very
clear. We want to build an ever closer

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00:37:38,219 --> 00:37:44,405
association. What does that mean? Well,
Madam President, Mr Prime Minister and I

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00:37:44,448 --> 00:37:49,194
have already tried to explain. The three
dimensions, first of all the policy

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00:37:49,260 --> 00:37:55,027
dimension. Share and
bring our policy closer.

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That is what we have done. During this
summit, that is what we will continue to do.

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00:38:02,120 --> 00:38:11,925
On global challenges, climate change,
peace, development, but also on the issues

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00:38:12,019 --> 00:38:18,971
facing everyone today. Artificial
intelligence, the development of the digital

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00:38:19,047 --> 00:38:24,631
dimension. And also a third
dimension, which is governance.

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00:38:24,695 --> 00:38:29,505
And to that end, we gave
a very clear example.

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Not only today at this summit, but when
the President of the Commission and the

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00:38:36,899 --> 00:38:42,941
Prime Minister minister of Canada take the
decision to hold a joint meeting of the

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00:38:43,032 --> 00:38:49,612
College of Commissioners and the Canadian
Council of Ministers, it is difficult, it

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00:38:49,679 --> 00:38:53,153
is hard to imagine a closer
association than this.

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00:38:53,241 --> 00:38:59,200
When the Prime Minister of Canada comes
to participate in a European Council

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00:38:59,290 --> 00:39:04,834
meeting, with all the Heads of State and
Government, it is hard to imagine a closer

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00:39:04,926 --> 00:39:10,250
association than Mr Carney’s
participation in the European Council.

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00:39:10,318 --> 00:39:15,914
So we have the political dimension, we
have the cross-cutting inclusion in the

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00:39:15,966 --> 00:39:21,883
programmes, and we have this dimension of
political and institutional cooperation at

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00:39:21,949 --> 00:39:23,149
the highest level.

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00:39:24,440 --> 00:39:28,561
Yes, and perhaps I can add something in
English, because you asked about what is the

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00:39:28,600 --> 00:39:34,255
advantage for the people, rightly so. It's
jobs, first and foremost, good jobs, we

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00:39:34,322 --> 00:39:40,610
just had yesterday the business meeting
with companies that are working investing

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00:39:40,667 --> 00:39:43,760
and creating good jobs on
both sides of the Atlantic.

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00:39:43,820 --> 00:39:49,002
And what they were asking for, small
and medium companies also, is scale.

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00:39:49,100 --> 00:39:54,245
If we enlarge our respective single market,
there is more possibility for scale for

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00:39:54,299 --> 00:39:57,962
these companies. No
barriers. No restrictions.

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00:39:58,040 --> 00:40:02,153
Very important to create good
jobs and to scale for companies.

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00:40:02,240 --> 00:40:06,785
Then resilient supply chains. The more
we are together, the more we are able to

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00:40:06,852 --> 00:40:12,242
really have resilient supply chains
as the business sector needs it.

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00:40:12,320 --> 00:40:17,748
And we will look into the different supply
chains requirements, to do our best to

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00:40:17,810 --> 00:40:21,741
have them stable, to have them
secure, and to have them resilient.

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00:40:21,800 --> 00:40:26,948
Other topic of supercomputers, the European
Union has 12 supercomputers, they are

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00:40:27,044 --> 00:40:32,804
open now to the brilliant researchers
and startups from Canada, to train their

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00:40:32,876 --> 00:40:37,163
models on European supercomputers.
It's for them opportunities, economic

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00:40:37,220 --> 00:40:42,766
opportunities, and that creates jobs. So a
lot of our work is also very practical to

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00:40:42,843 --> 00:40:48,686
make sure that with this work together,
we have good jobs on both sides of the

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00:40:48,740 --> 00:40:49,940
Atlantic that are created.

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00:40:50,600 --> 00:40:51,800
Next question. Prochaine question.

395
00:40:55,220 --> 00:40:57,449
Good afternoon, Jorge
Valero with Bloomberg.

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00:40:57,500 --> 00:41:01,463
Question first for President von
der Leyen and President Costa.

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00:41:01,520 --> 00:41:06,145
As you are launching today this network
of trusted partners with, starting with

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00:41:06,200 --> 00:41:12,488
Canada, does that mean that Canada will
benefit from the preferential treatment

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00:41:12,558 --> 00:41:16,837
under the European Made in Europe rules
that we see, for example, in the industrial

400
00:41:16,887 --> 00:41:22,484
selector act and other proposals?
Will you be in favor of that?

401
00:41:22,580 --> 00:41:28,856
For Prime Minister Carney, if you don't
get, if Canada doesn't get this preferential

402
00:41:28,929 --> 00:41:33,958
treatment under the Made in Europe rules,
does that mean that, for example, Canada

403
00:41:34,004 --> 00:41:38,567
would reconsider the closer
cooperation on mining and energy?

404
00:41:38,660 --> 00:41:39,860
Thank you.

405
00:41:40,520 --> 00:41:41,540
Let's start.

406
00:41:41,540 --> 00:41:42,740
The street.

407
00:41:43,280 --> 00:41:48,881
So, on the question you were asking,
the industrial accelerator act, has been

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00:41:48,936 --> 00:41:53,983
proposed by the Commission, and it has been
proposed in a way that we say with this

409
00:41:54,071 --> 00:41:58,472
includes all the countries with
who we have a free trade agreement.

410
00:41:58,520 --> 00:42:02,548
We have CETA, the famous CETA, so
automatically Canada would be in.

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00:42:02,600 --> 00:42:08,016
Of course, now the proposal is the
co-legislature process and has to go through

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00:42:08,065 --> 00:42:11,300
that, but our proposal is
very clear including Canada.

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00:42:14,900 --> 00:42:20,357
I think that answers the question. I think
I'll just add the following, which is

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00:42:20,454 --> 00:42:27,391
that in the run-up to this meeting, we
had a series of trade issues that had been

415
00:42:27,493 --> 00:42:33,530
bubbling along for, as trade issues
sometimes do, 18 months, 24 months, in some

416
00:42:33,618 --> 00:42:39,541
cases 36 months, and the teams worked
through them and addressed them.

417
00:42:39,620 --> 00:42:42,923
This is part of the benefit
of this level of cooperation.

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00:42:42,980 --> 00:42:48,035
You find issues, you address them, whether
it's on procurement, other elements of

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00:42:48,085 --> 00:42:57,260
industrial policy. So that. Nature will
only be reinforced by what we're announcing

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00:42:57,335 --> 00:42:58,535
today. Thank you.

421
00:42:59,540 --> 00:43:00,740
Last question.

422
00:43:01,340 --> 00:43:03,758
Good afternoon, Christopher
Nardi from the National Post.

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00:43:03,800 --> 00:43:07,866
So, Mr. Carney, you've spoken at length
about the opportunities that are linked to

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00:43:07,922 --> 00:43:12,025
deeper ties with the EU. What's the cost
of admission to associate membership?

425
00:43:12,080 --> 00:43:14,948
How much are you willing to
pay, and into which programs?

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00:43:15,020 --> 00:43:19,040
And then to President von der Leyen, will
the EU exempt Canadian products from the

427
00:43:19,088 --> 00:43:23,411
upcoming carbon border tariff, the
CBAM, and the anti-deforestation law?

428
00:43:23,480 --> 00:43:26,180
And Mr. Carney, are you pushing for
those exemptions for Canadian products?

429
00:43:27,020 --> 00:43:30,661
Well, let me pick up the second part
of your question, even though it wasn't

430
00:43:30,698 --> 00:43:35,461
directed at me, is at me. Those are two of
the issues that we work together to find

431
00:43:35,527 --> 00:43:40,255
common solutions on. So
that's an example then there.

432
00:43:40,340 --> 00:43:41,540
We don't view this as.

433
00:43:41,540 --> 00:43:42,740
Do you? Sorry, did you?

434
00:43:42,920 --> 00:43:52,778
Yes. And with respect to, we don't
view this as pain for something.

435
00:43:52,820 --> 00:43:59,065
We view this as coming together and,
as I said before, this is a positive

436
00:43:59,180 --> 00:44:05,404
association. And then with that, creating
a nucleus for the broader positive

437
00:44:05,480 --> 00:44:11,600
alliance for the future, which creates
opportunity and pools resources for bigger

438
00:44:11,810 --> 00:44:17,452
returns. Madam President just mentioned
Horizon, mentioned as well the

439
00:44:17,527 --> 00:44:22,871
supercomputers. They're enormous returns
that come for Canadian researchers,

440
00:44:22,938 --> 00:44:27,195
Canadian businesses, Canadians, and
Europeans, of course, with that.

441
00:44:27,260 --> 00:44:33,100
That comes from those research programs.
If you look at the track record of Horizon,

442
00:44:33,290 --> 00:44:40,667
FP would it be FP9, the predecessor programs
of that, you see numerous examples of

443
00:44:40,740 --> 00:44:47,254
that. So this is about coming together,
one plus one, equals more than two.

444
00:44:47,300 --> 00:44:49,531
It's called a synergy,
and that's the essence.

445
00:44:49,580 --> 00:44:55,250
And we have the track record, and it's
that plus the values give us the confidence

446
00:44:55,303 --> 00:44:57,453
that moving together
is good for Canadians.

447
00:44:57,500 --> 00:45:00,620
Now, even better for
Canadians in the future.

448
00:45:01,100 --> 00:45:02,240
Yeah, thank you.

449
00:45:02,240 --> 00:45:06,725
I couldn't answer the question better than
Prime Minister Carney has just done on

450
00:45:06,766 --> 00:45:07,966
the trade dividends.

451
00:45:08,120 --> 00:45:08,540
Yeah.

452
00:45:08,540 --> 00:45:09,680
In French, please.

453
00:45:09,680 --> 00:45:12,140
In French, in what aspect?

454
00:45:12,680 --> 00:45:15,260
On the cost of tariffs and
also the national cost.

455
00:45:15,440 --> 00:45:21,749
The cost of tariffs, you raised
some trade issues, and the.

456
00:45:21,878 --> 00:45:29,182
We have addressed these
during the last few weeks.

457
00:45:29,245 --> 00:45:37,982
These are examples of the spirit of the
partnership, and the advantage of having a

458
00:45:38,071 --> 00:45:42,394
closer association between
the two countries, full stop.

459
00:45:42,462 --> 00:45:49,180
As for yields, for example, or costs,
of being an associate member or having a

460
00:45:49,266 --> 00:45:52,942
closer association, no,
that is not how it works.

461
00:45:53,054 --> 00:45:57,830
These are advantages,
synergies, spillover effects.

462
00:45:57,911 --> 00:46:03,409
We are creating more. So one
plus one is more than two.

463
00:46:03,538 --> 00:46:07,580
That is the track record,
and that will be the future.

464
00:46:08,120 --> 00:46:10,460
Merci. Thank you very much. Let's
go to the next press conference.