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EU and Parliament Approve €800B Defence Procurement Package

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EU Approves Procurement Package
  • The European Parliament and Council approved a procurement package that raises thresholds and extends framework agreements to ten years.
  • The package allows occasional joint procurement and gives member states greater flexibility.
  • New rules simplify the European Defence Fund and prioritize excellence in award criteria.
  • The package supports up to €800 billion defence investment over four years under ReArm Europe.
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