Brussels – The European Parliament has approved a €1.5 billion (approximately $1.7 billion USD) plan aimed at bolstering defense investments across the European Union and providing further support to Ukraine. The decision, finalized on Tuesday, marks a significant step in the EU’s efforts to strengthen its defense capabilities.
European Parliament President Roberta Metsola stated that the European Defence Industrial Programme (EDIP) will contribute to strengthening the EU’s defense industry, promoting joint procurement and manufacturing, and increasing support for Ukraine. The program underscores the EU’s commitment to enhancing its security architecture in the face of evolving geopolitical challenges.
To qualify for funding under the EDIP, which extends until 2027, at least 65% of the cost of a defense product’s components must originate from within the European Union or from partner countries. This requirement aims to stimulate the growth and competitiveness of the European defense sector.
The EDIP is part of a broader initiative to rearm the continent, enhance European defense capabilities, and facilitate defense production. The program has been the subject of extensive discussions among EU governments, reflecting differing priorities and perspectives on defense procurement.
France has advocated for stricter rules to ensure the purchase of European-made equipment, with the goal of strengthening the European industry. Conversely, countries like the Netherlands have called for greater flexibility to allow for the acquisition of weapons from the United States, the United Kingdom, and other sources.
The Parliament’s approval represents the final step in the legislative process before formal ratification by the 27 EU member states, a procedure that is widely expected to be a formality. The implementation of the EDIP is anticipated to have a significant impact on the European defense landscape, fostering greater collaboration and innovation within the sector.
