In a highly anticipated move, the European Union's top leaders are set to make a historic visit to Canada this year, igniting discussions about Ottawa's potential participation in a groundbreaking research-funding initiative.
As part of a comprehensive agreement inked in 2017, Brussels and Ottawa convene leaders' summits biennially, cementing their transatlantic partnership alongside a substantial trade accord. While detailed planning for this momentous visit has yet to commence, the event is poised to take place sometime within the current year, according to the EU's Ambassador to Canada, Melita Gabric.
This visit carries immense significance, particularly in light of the recent agreement signed by European Commission President Ursula von der Leyen and Canadian Prime Minister Trudeau in March. This pact underscores a commitment to enhanced collaboration in the realms of green vehicle development and combating disinformation. Gabric has hinted at the possibility of fleshing out further details during this forthcoming visit.
The EU Commissioner for Budgets, Johannes Hahn, emphasizes that this meeting serves as an ideal opportunity for both sides to assess their joint support for Ukraine. Additionally, discussions will revolve around the prospect of Canada becoming a key participant in the Horizon Europe program, a monumental scientific research initiative valued at over $100 billion.
Hahn is embarking on his visit to Canada with multifaceted objectives, one of which is to bolster investment in the European Union's green recovery program, strategically crafted to combat the aftermath of the COVID-19 pandemic. Furthermore, he aims to advocate for the wider adoption of the Euro currency in international transactions by encouraging more countries to embrace this global financial standard. Don't miss this pivotal moment in international collaboration between the European Union and Canada as they set the stage for groundbreaking advancements in research and economic cooperation.