UK and Canada first non-EU countries to negotiate entry into the bloc's €150 billion loan defence scheme, which could pave the way for other countries eyeing entry
UK and Canada first non-EU countries to negotiate entry into the bloc's €150 billion loan defence scheme, which could pave the way for other countries eyeing entry
Commission given green light for talks on UK, Canada entry into SAFE defence loans scheme | Euractiv
cross-posted from: https://scribe.disroot.org/post/4681271
...
The ambassadors did not provide firm figures on the long-debated eligibility criteria, which will instead be set during the negotiations. Currently, third-country suppliers – including those from the UK and Canada – cannot supply more than 35% of the total value of any weapons contract financed through SAFE loans.
SAFE currently only allows European firms, along with Ukrainian and Norwegian ones – whose countries were granted access without negotiations with the Commission – to produce at least 65% of the value of defence products purchased through the programme.
This limit could be removed if the supplier’s home country signs both a Security and Defence Partnership and a separate eligibility agreement with Brussels, and contributes financially to the programme.
...