No Clarity on EDF's Ultimate Budget and Third Party Participation Rules Until Late 2019, Say Officials

Although most of its legal provisions are agreed, the European Defence Fund (EDF) cannot be approved - at the earliest - before late 2019, according to EU officials. At play are two big issues: what its ultimate budget will be, and how exactly the EDF will enable third country companies to participate in its EU-funded defence research and...

Although most of its legal provisions are agreed, the European Defence Fund (EDF) cannot be approved - at the earliest - before late 2019, according to EU officials. At play are two big issues: what its ultimate budget will be, and how exactly the EDF will enable third country companies to participate in its EU-funded defence research and capability projects.

"We're a bit at the mercy of events beyond our control for the moment," an EU diplomat told Jane's on 8 May. "It's wait and see."

Along with approval by the Council of the EU, the EDF's budget requires the final blessing of members of the European Parliament.

Source: www.janes.com