The agreement will strengthen cooperation on foreign and security policy, with a focus on the non-proliferation of weapons of mass destruction; combating the illicit trade in small arms and light weapons (SALW); the fight against terrorism; Promote international peace and stability; and effective multilateralism. The Strategic Partnership Agreement will strengthen the current framework for cooperation between the EU and Canada and broaden the basis for relations, alongside efforts to promote trade and investment. The agreement enshrines the common democratic values of both sides and promotes political dialogue in a wide range of areas, including international peace and security, economic and sustainable development, justice, freedom and security. By reducing trade barriers, the CFTA also promotes productivity and investment in Canadian communities. The Organisation for Economic Co-operation and Development has indicated that Canada could increase its productivity by reducing non-tariff barriers by expanding TIA coverage and offsetting regulatory barriers. In addition, the International Monetary Fund has indicated that reducing Canada`s interprovincial trade barriers will help create the right conditions to increase domestic business investment and attract foreign direct investment. Negotiations on the CSV began in September 2011, at the same time as the Comprehensive Economic and Trade Agreement (CETA), to replace the former Framework Agreement for Trade and Economic Cooperation of 1976. This agreement was initialled in September 2014 and adopted by the European Commission in April 2015. CETA is a free trade agreement between Canada, the European Union (EU) and its member states.

In the field of economic development, a programme of dialogue and cooperation on global economic issues is defined. . . .