EU Eyes NATO-Style Trade Pact

The European Liberal Democrats are proposing a new trade pact with Canada, Japan, and South Korea to counter potential trade pressure from the US and China. This ‘Geoeconomic Deterrence Pact’ would involve joint export control agreements and coordinated responses to trade coercion, aiming to protect member states’ interests. The initiative comes in response to calls for greater cooperation from figures like Canadian Prime Minister Mark Carney, amid broader economic challenges facing the EU.

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