France has dropped its opposition to non-EU companies accessing EU-funded financial incentives for Europe’s defence industry, as Brussels pushes to develop a stronger domestic arms industry less dependent on the US.
French diplomats in Brussels have voiced support for a proposal that would allow for up to 35 per cent of EU budget-financed cash incentives to be spent on defence products from outside the 27-member bloc, according to five people briefed on technical discussions last week.
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