News
The European Union (EU) and Canada have agreed to cooperate more closely to ensure the security of their supply chains.
The agreement builds on the existing customs cooperation agreement with Canada and extends it to include supply chain security and related risk management matters.
It will allow closer cooperation between the two parties, with a view to ensuring a high level of security while facilitating legitimate trade between the EU and Canada. Cooperation will include work towards mutual recognition of risk management techniques, risk standards, security controls, and trade partnership programs (the EU Authorized Economic Operator (AEO) and Canada's Partners in Protection (PIP)).
The agreement will be concluded after the ratification process in the EU and Canada, which is expected to take place in the coming months, is completed.
