Belgium's Flanders Greenlights Revamped Arms Trade Policy
The Flemish government rolled out a revamped arms commerce policy designed to accelerate transactions involving combat equipment, small arms, critical parts, and munitions. Simultaneously, officials unveiled the Flemish Innovation and Industrial Strategy for Security and Defense initiative, marking a strategic pivot toward bolstering the region's military-industrial capacity.
According to a news agency, the overhaul seeks to fortify Flanders' position within European and NATO defense networks.
The reformed legislation enables regional manufacturers to expedite deliveries of warfare materials and hardware throughout European Union territory and to trusted allied nations, particularly NATO members. Administrative channels for cross-border European collaboration will be streamlined, with approval timelines significantly compressed.
Critical protective measures remain intact. The prohibition on weapons shipments to Israel stays enforced, while destinations deemed high-risk—including sanctioned states or nations experiencing active hostilities—will continue facing comprehensive licensing requirements and rigorous end-user verification protocols.
Financial backing launches at €5 million ($5.8 million), with projections indicating an expansion to €50 million per year by 2029.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
