US EditionEurope says Canada must pay 10M euros to join EU defence pact
Canada will pay €10 million upfront to exceed the 35% non-EU cost cap for defence procurement under the EU’s €150 billion Strategic Autonomy and Financing for Europe (SAFE) instrument.
- The European Union says Canada will need to pay 10 million euros to join a defence procurement agreement with the continent.
- EU spokesman Thomas Regnier says Canada's fee is based on the economic benefits and jobs it can expect to gain from the deal, while the U.K. is being asked to pay a fee more than five times the size of Canada's fee.
- Université du Québec à Montréal professor Justin Massie says this raises questions about how much investment the deal will bring to Canada, while Foreign Affairs Minister Anita Anand says she's confident the deal will deliver meaningful benefits.
32 Articles
32 Articles
Canada to Pay $16M to Enter EU Defence Pact
Canada will need to pay $16 million to participate in a defence procurement agreement with the European Union, officials say. Canada officially joined the $244 billion Security Action for Europe (SAFE) program this week. The program is a component of the ReArm Europe strategy aimed at reducing the continent’s dependence on American defence technology and financial support. Defence Minister David McGuinty told reporters the deal had been finalize…
Global Affairs Canada confirmed this figure in a press release.
Winnipeg Free Press
Europe says Canada must pay 10M euros to join EU defence pact
Breaking News, Sports, Manitoba, Canada
Canada pays just €10m to access EU defence market after UK talks collapse
Canada will pay a cut price €10m to have access to the EU’s new defence procurement scheme, the EU Commission confirmed on Tuesday (2 December), days after talks on a similar deal with the UK broke down after the commission demanded a €2bn fee.
Canada agrees to join EU initiative to surge ‘defense spending’
OTTAWA: Canada has reached an agreement to join the European Union’s Security Action for Europe (SAFE) initiative, which will give Canadian defense companies expanded access to the European market, Prime Minister Mark Carney’s office said on Monday. “Canada’s participation in SAFE will fill key capability gaps, expand markets for Canadian suppliers, and attract European defense investment into Canada,” Carney said in a statement. SAFE – a 150-bil
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