EU defense plan, joint purchases and more funds - News.com.au. Joint purchases of weapons, more funds to speed up production in Europe.
These are the key points of the new EU strategy for the defense industry that the European Commission is preparing to unveil on 5 March. According to the latest draft seen by ANSA, Brussels intends to propose a joint weapons purchase program guaranteeing VAT exemptions to the countries. Also envisaged is a Defense Investment Plan (EDIP) - which, as far as we know, should be worth at least 1.5 billion euros.