BR100 Increased By (0.73%)
BR30 Increased By (0.59%)
KSE100 Increased By (0.73%)
KSE30 Increased By (0.76%)
AGHA 7.80 Increased By ▲ 0.05 (0.65%)
BECO 5.21 Increased By ▲ 0.02 (0.39%)
BML 57.01 Decreased By ▼ -1.65 (-2.81%)
BOP 34.21 Increased By ▲ 0.52 (1.54%)
CNERGY 10.80 Increased By ▲ 0.19 (1.79%)
CSIL 5.42 Increased By ▲ 0.12 (2.26%)
FCCL 54.85 Increased By ▲ 1.11 (2.07%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.44 Increased By ▲ 0.16 (2.2%)
KOSM 5.78 Increased By ▲ 0.14 (2.48%)
LOTCHEM 29.78 Increased By ▲ 0.13 (0.44%)
MLCF 95.70 Decreased By ▼ -0.66 (-0.68%)
NBP 204.50 Increased By ▲ 0.97 (0.48%)
NCPL 57.81 Increased By ▲ 0.96 (1.69%)
NPL 69.27 Increased By ▲ 1.96 (2.91%)
OGDC 318.50 Increased By ▲ 0.28 (0.09%)
PACE 10.85 Increased By ▲ 0.22 (2.07%)
PAEL 43.00 Increased By ▲ 1.23 (2.94%)
PIBTL 16.88 Increased By ▲ 0.07 (0.42%)
PPL 221.25 Increased By ▲ 1.08 (0.49%)
PRL 51.40 Increased By ▲ 2.35 (4.79%)
PTC 71.15 Increased By ▲ 1.14 (1.63%)
SSGC 28.77 Decreased By ▼ -0.37 (-1.27%)
TBL 9.94 Increased By ▲ 0.17 (1.74%)
TELE 8.90 Increased By ▲ 0.08 (0.91%)
TPL 18.30 Increased By ▲ 1.13 (6.58%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 22.72 Increased By ▲ 0.13 (0.58%)
TRG 59.95 Decreased By ▼ -0.27 (-0.45%)
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.