AgreementEuropean Union / CanadaPassed, not switched on

Agreement between Canada and the European Union laying down the conditions for the participation of Canadian legal entities and products originating in Canada to procurement under the SAFE Instrument (SAFE (Canada))

Sets the terms for Canada's participation in SAFE, the EU's €150 billion defence-procurement loan instrument. Canadian content can make up to 80% of a SAFE-financed purchase (35% for other outside countries). Canada pays an initial €10 million, of which €7.5 million is credited against future fees, plus a fee of 15% of the Canadian content in any purchase where European content is below 65%. Signed on 14 February 2026; the Council of the EU approved its conclusion on 15 June 2026.

Stages

Passing a law is not the same as switching it on, and switching it on is not the same as using it. Each stage is dated where known.

1. Announced 1 December 2025
   Canada concludes negotiations to join the EU's €150B SAFE defence-loan program, as the only non-European participant.
2. Passed 15 June 2026
   EU Council concludes the SAFE agreement with Canada

Events

• 15 June 2026EU Council concludes the SAFE agreement with CanadaActionAgreement1 source
• 14 February 2026Canada signs the Canada-EU agreement to join the EU's SAFE defence-procurement programme at the Munich Security ConferenceActionAgreementCanada4 sources
• 1 December 2025Canada concludes negotiations to join the EU's €150B SAFE defence-loan program, as the only non-European participant.ActionAgreementCanada1 source