The European Investment Bank is due to sign a framework agreement with Canada this week that will pave the way for investments into critical raw materials and other areas, a Bank official told POLITICO.
The deal with the long-term lending arm of the European Union is expected to be signed on the sidelines of an EU-Canada summit on Thursday in Montreal, said the official who was granted anonymity to discuss internal preparations.
Such a deal would mark a concrete step toward closer ties amid broader discussions about cooperation on arctic security and the EU’s potential offer of “associate member” status to Canada. The summit will aim to highlight deepening ties between like-minded partners.