Nordic countries sign joint procurement agreement

Nordic countries sign joint procurement agreement
by Richard Tomkins
Helsinki, Finland (UPI) May 9, 2016

disclaimer: image is for illustration purposes only

Finland on Monday was signing an agreement with Nordic countries that defines the overall framework and procedures for joint procurement of defense items.

The agreement is related to the agreement last year between Denmark, Finland, Norway and Sweden to cooperate in the defense materiel area and addresses the need for development of cost-efficiency, security of delivery and enhanced implementation of joint procurement.

The signing was taking place at the Nordic Defense Industry Seminar in Helsinki -- it runs from Monday to Wednesday -- and an exhibition of products by Nordic defense industry companies.

The Finnish Ministry of Defense said Raimo Jyvasjarvi, director general of the ministry's Resource Policy Department, will sign the agreement on Finland's behalf.

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Nigeria's Vice-President Yemi Osinbajo has accused the previous administration of stealing some $15 billion (13 billion euros) of public money through fraudulent arms deals. Osinbajo said the huge sum was "lost... to fraudulent and corrupt practices in... security equipment spending during the last administration", according to a statement released by his office on Tuesday. The figure is ... read more

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