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The European arms industry is not competitive enough, experts say (Photo: NATO)

EU moves closer to common arms market

The European Union came closer to a common market for its arms industry on Saturday (1 July) when a new code of conduct came into force aimed at opening up member states' arms industries to cross-border competition.

"For the first time ever, European countries have committed to procure defence equipment from each other if the offer is the best available, instead of automatically contracting with a national supplier," said EU foreign affairs and security chief Javier Solana in a statemen...

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The European arms industry is not competitive enough, experts say (Photo: NATO)

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