Canada is negotiating with the EU to participate in a defense initiative that would allow it to produce European military equipment at its own enterprises. The EU seeks to strengthen industry and reduce dependence on the US, and for Canada this opens up a new market.
This is what the authors of The New York Times write about.
Prime Minister Mark Carney, during his first trip abroad, called Canada "the most European of non-European countries." Two officials familiar with the discussions said that negotiations are underway to include Canada in the EU defense project. This would allow it to participate in the production of European weapons, in particular the Saab Gripen fighter jet.
The EU is expanding military spending, offering a loan program of EUR 150 billion. The terms stipulate that 65% of the cost of components must come from the EU or partners, while Canada can cover the remaining 35% and expand cooperation under a separate agreement. It will also receive preferential access to the EU military equipment market as an alternative to the US.
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