BR100 Increased By (0.51%)
BR30 Increased By (0.48%)
KSE100 Increased By (0.31%)
KSE30 Increased By (0.21%)
BECO 6.05 Increased By ▲ 0.02 (0.33%)
BML 57.70 Increased By ▲ 4.95 (9.38%)
BOP 34.17 Decreased By ▼ -0.08 (-0.23%)
CNERGY 8.21 Increased By ▲ 0.05 (0.61%)
DCL 12.15 Decreased By ▼ -0.19 (-1.54%)
FCCL 54.16 Increased By ▲ 0.27 (0.5%)
FCSC 5.27 Increased By ▲ 0.05 (0.96%)
FFL 18.12 Increased By ▲ 0.09 (0.5%)
FNEL 1.32 Increased By ▲ 0.02 (1.54%)
HUMNL 11.34 Increased By ▲ 0.34 (3.09%)
KEL 8.15 Increased By ▲ 0.04 (0.49%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 89.04 Increased By ▲ 0.99 (1.12%)
NBP 186.45 Decreased By ▼ -0.03 (-0.02%)
PACE 10.73 Increased By ▲ 0.01 (0.09%)
PAEL 40.60 Increased By ▲ 0.66 (1.65%)
PIAHCLA 26.38 Increased By ▲ 0.21 (0.8%)
PIBTL 17.42 Increased By ▲ 0.10 (0.58%)
PPL 232.66 Decreased By ▼ -0.12 (-0.05%)
PRL 34.86 Decreased By ▼ -0.09 (-0.26%)
PTC 66.71 Decreased By ▼ -0.85 (-1.26%)
SEARL 91.35 Increased By ▲ 0.42 (0.46%)
SSGC 27.29 Increased By ▲ 0.12 (0.44%)
TELE 8.56 Decreased By ▼ -0.01 (-0.12%)
THCCL 64.80 Increased By ▲ 4.67 (7.77%)
TPLP 9.07 Increased By ▲ 0.31 (3.54%)
TREET 24.76 Increased By ▲ 0.22 (0.9%)
TRG 72.90 Increased By ▲ 1.15 (1.6%)
WAVES 10.49 Increased By ▲ 0.51 (5.11%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
By

BRUSSELS: NATO defence ministers will gather in Brussels on Thursday to discuss how to meet Donald Trump’s demand for significant increases in spending, less than three weeks ahead of a key summit of the alliance in The Hague.

The US president has said NATO allies should boost investment in defence to 5% of gross domestic product, up from the current target of 2%.

Diplomats say the European allies understand that hiking defence expenditure is the price of ensuring a continued US commitment to the continent’s security and that keeping America on board means allowing Trump to be able to declare a win on his 5% demand during the summit, scheduled for June 24-25.

“We have to go further and we have to go faster,” NATO Secretary-General Mark Rutte told reporters on Wednesday.

“A new defence investment plan will be at the heart of the NATO summit in The Hague,” he added.

In a bid to meet Trump’s 5% goal, Rutte has proposed alliance members boost defence spending to 3.5% of GDP and commit a further 1.5% to broader security-related spending, Reuters has reported.

But details of the new investment plan will likely continue to be negotiated until the very eve of the NATO summit.

“We have to find a realistic compromise between what is necessary and what is possible really to spend,” German Defence Minister Boris Pistorius said on Wednesday. Countries remain divided over the timeline for a new pledge.

“There’s not unlimited time,” US ambassador to NATO Matthew Whitaker told reporters on Wednesday.

NATO defence buildup must ‘outpace Russia’: US envoy

Rutte has proposed reaching the 5% by 2032 – a date that some eastern European states consider too distant but which some others see as too early and unrealistic given current spending and industrial production levels.

A 2032 target is “definitely too late”, Lithuanian Defence Minister Dovile Sakaliene said on Wednesday, arguing for a target of 2030 at the latest.

There is also an ongoing debate over how to define “defence-related” spending, which might include spending on cybersecurity and certain types of infrastructure.

“The aim is to find a definition that is precise enough to cover only real security-related investments, and at the same time broad enough to allow for national specifics,” said one NATO diplomat.

Comments

Comments are closed for this article.