Joly says NAFTA is the model for a deeper Canada-EU partnership

Joly says NAFTA built industrial links that CETA, the EU trade deal now 10 years old, never had, such as shared certification standards for cars and electrical equipment.

“We’re moving from a free-trade agreement to the idea of a common market.”

— Mélanie Joly, industry minister

Share of exports going to the US, per Joly

67 %

Joly says trade will shift toward Europe: the United States once took 75 per cent of Canada's exports and now takes 67 per cent.

The details of the new relationship are not yet defined and its benefits remain unclear. Some answers could come Friday, when the summit ends.