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EU opens defense fund talks with UK and Canada amid security push

The European Union has agreed to launch negotiations with Britain and Canada that could grant the two countries access to its €150 billion ($178 billion) defense investment fund.

Brussels: Denmark, which currently holds the rotating presidency of the European Council, confirmed the decision was unanimous among EU member states, according to Bloomberg. The talks will focus on access to the European Security Measures Programme, part of the bloc’s efforts to bolster defense readiness in the wake of the 2022 Russia-Ukraine war.

If approved, the agreements will allow British and Canadian defense companies to participate in joint procurement projects funded through the Security Measures for Europe (SAFE) programme. This would further strengthen the security and defense partnerships already established between the EU and both countries.

Turmoil over the future of U.S. commitments to European security, particularly amid concerns of a potential rollback under a second Trump administration, has heightened the EU’s push to diversify and reinforce its defense strategies.

The EU’s SAFE programme, worth €150 billion, aims to accelerate investment in the defense industry, ensure supply chain resilience, and improve collective readiness.

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