Negotiators from the Council of the European Union and the European Parliament reached agreement in the evening of Tuesday 27 June on the instrument to strengthen the European defence industry through common procurement (EDIRPA).
The instrument will have a budget of €300 million until 31 December 2025. Although the European Parliament had wanted to increase the amount set out in the Commission’s initial proposal from €500 million to €1 billion (see EUROPE B13169A21), the...