Canada Joining SAFE Defence Borrowing Pact Will Help Firms Compete: Anand
- Canada has been formally welcomed into the SAFE defence borrowing agreement by the European Parliament, allowing participation in a pact worth approximately C$240 billion.
- Canada is the first non-European country to join the Security Action for Europe agreement.
- Foreign Affairs Minister Anita Anand stated that Canadian firms can now compete in military procurement opportunities usually reserved for European companies.
- SAFE supports low-interest loans for military hardware and is part of the ReArm Europe initiative to reduce reliance on the United States military.
35 Articles
35 Articles
The European Parliament voted this Wednesday for Canada to join the European Defence Fund, known as SAFE, in a new step by both to address Donald Trump’s postulates. The country in fact becomes the first non-EU to enter that initiative, launched to reinforce the Union’s overall action on defensive matters. “Canada becomes the first non-European partner to join the Security Action for Europe framework. An instrument that keeps people safer, suppo…
Canada to join EU militarisation loan instrument
More SAFE, less safety Following a vote in the European Parliament today, Canada will become the first non-EU country to participate in SAFE, a €150 billion loan instrument for joint procurement of weapons. Yet SAFE will not make Europeans safer, and this decision further reduces the strategic autonomy of the European Union by allowing access to Canadian entities and aligning European foreign policy with NATO objectives, as NATO faces its own in…
Canada will join the SAFE program. The European Parliament has given its consent.
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