25 EU States, Norway to Launch Offsets Code of Conduct
BRUSSELS --- The new Code of Conduct on Offsets will be launched on 1 July, with the participation of all subscribers to the Regime on Defence Procurement which includes 25 EDA participating Member States (all except Romania) and Norway.
“Today is an important day on our journey towards the establishment of a truly European Defence Equipment Market”, EDA Chief Executive Alexander Weis said.
“This is a remarkable achievement. Something that was thought impossible just a few years ago. Now, for the first time ever, European countries will break new ground introducing much needed transparency, which has often been lacking in offsets”, he added.
The Code will help evolve towards more transparent use of offsets that help shape the European Defence Technological and Industrial Base, whilst reducing reliance on them. It is an integral part of the Regime on Defence Procurement that for almost three years now has successfully offered armed forces and taxpayers better value for money, broadened business opportunities for defence companies and strengthened the global competitiveness of the European industry.
The Agency’s reporting and monitoring system for the Code of Conduct on Offsets will help to ensure mutual transparency and accountability among subscribing Member States, so that they can be confident that the Code is working as intended. From 1 July, the subscribing Member States will also make available on EDA website their national offset policies and practices.
The 26 subscribing countries are: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, United Kingdom and Norway.
Click here for a fact sheet on the Code of Conduct on Offsets, on the EDA website.
25 EU Member States and Norway to Take Part in the Code of Conduct on Offsets