Press Release: EU governments agree voluntary Code of Conduct on Offsets

The Steering Board of the European Defence Agency (EDA), in October 2008, agreed a voluntary Code of Conduct on Offsets in order to evolve towards more transparent use of offsets that can also help shape the European Defence Technological and Industrial Base, whilst reducing reliance on them. The Code applies to all compensation practices required as a condition of purchase or resulting from a purchase of defence goods or defence services and will take effect from 1 July 2009.

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