Canada will need to pay $16 million to participate in a defence procurement agreement with the European Union, officials say.
Canada officially joined the $244 billion Security Action for Europe (SAFE) program this week. The program is a component of the ReArm Europe strategy aimed at reducing the continent’s dependence on American defence technology and financial support.
Defence Minister David McGuinty told reporters the deal had been finalized but did not provide details when questioned about the amount Canada would have to pay to join the program.
“We’ll have more to say about that in due course,” McGuinty told reporters during a Dec. 1 press conference in Ottawa. “The details will be released, and for that matter, the extent to which Canada will participate in the $244 billion marketplace… this will be better known in due course.”…