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\u003cp\u003eThis paper aims to shed light on the Cypriot perspective when considering Permanent Structured Cooperation (PESCO), as it was agreed with the Joint Notification to the Council and the High Representative of the Union for Foreign Affairs and Security Policy by the then twenty-three EU Member States in December 2017. \u003c/p\u003e\n\u003cp\u003eThrough PESCO, Cyprus aims to contribute to the fulfilment of the Union\u0026rsquo;s level of ambition that was defined in the EU Global Strategy in 2016. Nicosia\u0026rsquo;s objective is to develop military capabilities via joint procurement projects with the involvement of its small and medium size enterprises. \u003c/p\u003e\n\u003cp\u003eAlthough the country acknowledges that it may be too early to evaluate the outcome of the first round of the PESCO projects, it is in general satisfied with the direction an implementation process of the projects which it is a member of. According to the national approach, third parties could get involved in the initiative, provided that they meet the necessary requirements.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eRead the full policy paper in the \u003ca href=\u0022http://www.iris-france.org/wp-content/uploads/2019/02/Ares-35.pdf\u0022\u003eArmament Industry European Research Group\u003c/a\u003e\u0026nbsp;of the\u0026nbsp;French Institute for International and Strategic Affairs\u003c/strong\u003e\u003c/p\u003e","className":"richtext reading--content font-secondary"}), document.getElementById("react_7K9PRgAdBU2TzdetDWBG5g"))});
According to the Cypriot approach, PESCO offers an opportunity to contribute to the continent\u0026rsquo;s strategic autonomy, defined as the implementation of the Common Foreign and Security Policy (CFSP) and in particular the Union\u0026rsquo;s Level of Ambition, outlined in the 2016 EU Global Strategy.
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