Working group proposes G2G contracting to boost Finnish defence industry exports

According to the working group, Finland needs to boost its defence and security industry exports and develop government instruments that support international cooperation in the changed security environment. “The Finnish Government has identified the defence industry as one of the most promising sources of future growth and wellbeing in Finland. There are already examples of the international defence market boosting strong growth for Finnish companies. This report gives practical building blocks for raising exports promotion by the defence administration to the next level. A growing defence industry is also an increasingly strong cornerstone of Finland’s defence and security,” Minister of Defence Häkkänen says. Government-to-government (G2G) contracting is a procurement model where one government sells defence materiel to directly another government. The government buying the materiel enters a contract with the selling government instead of a private supplier. The selling government either sells equipment directly from its own inventory or procures materiel from private suppliers for resale. G2G contracting is a relatively common practice internationally, and its significance an...