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EU parliament reaches agreement on EU defence fund

The European Parliament has agreed on provisional agreement from co-legislators on the European Defence fund budget.

An agreement has been reached on the budget for the European Defence Fund after controversy over the function of the organisation. The European Parliament endorsed the provisional agreement reached by the co-legislators on the European Defence Fund (EDF) for the next budget period from 2021 to 2027.

Elżbieta Bieńkowska, Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs, said:

“I welcome today’s vote by the European Parliament. More defence cooperation in Europe is essential to address the growing global instabilities and cross-border threats to our security. It is clear that no country can do this alone. The endorsement of the European Defence Fund will allow us to significantly step up our defence cooperation and allow Europe to become a stronger security provider for our citizens.”

“The European Defence Fund marks a big step forward in European defence matters. It will strengthen European cooperation by encouraging joint investments and technological innovation in the defence sector. This will help to spend taxpayer money more efficiently and ensure Europe can benefit from the best interoperable defence technology and equipment. By promoting a strong and innovative defence industry, the Fund will strengthen EU’s strategic autonomy and technological leadership in defence.”

“The Fund will build on defence priorities agreed by Member States within the framework of the Common Foreign and Security Policy and ensure synergies with the Permanent European Structured Cooperation.”

“With today’s vote, a fully-fledged European Defence Fund is now on track to become a reality. I want to thank the European Parliament as well as all other EU institutions on taking fast and decisive action on this key political priority.”

In his political guidelines in June 2014, President Juncker highlighted defence as a priority and he announced the creation of a European Defence Fund in his 2016 State of the Union address. Previously agreement was delayed over ethics fears on using EU funds for military purposes.

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