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Europe 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.
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26 Articles
26 Articles
Global Affairs Canada confirmed this figure in a press release.
·Montreal, Canada
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Winnipeg Free Press+21 Reposted by 21 other sources
Europe says Canada must pay 10M euros to join EU defence pact
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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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.
·Brussel, Belgium
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This price raises questions about the amount of investment this agreement will generate. The post Canada must pay €10 million to join a defence agreement with the EU appeared first on Les Affaires.
Coverage Details
Total News Sources26
Leaning Left18Leaning Right0Center3Last UpdatedBias Distribution86% Left
Bias Distribution
- 86% of the sources lean Left
86% Left
L 86%
14%
Factuality
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