Canada Joins EU Defence Procurement Program

Canada signed onto the European Union’s 150-billion-euro Security Action for Europe (SAFE) program Saturday at the Munich Security Conference, Defence Minister David McGuinty announced. As the first non-European participant, Canada will pay a 10-million-euro fee, gain access to low-interest loans and partner with European firms under the ReArm Europe initiative. The move aims to expand market access for Canadian industry and strengthen European and Ukrainian security.