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Canada News.Net
2 days ago
- Business
- Canada News.Net
NATO members pledge 5 pc GDP on defence spending by 2035
The Hague [Netherlands], June 26 (ANI): The member states of the North Atlantic Treaty Organisation (NATO) have committed to ramping up their defence spending, affirming an 'ironclad commitment' for their collective defence by investing 5 per cent of their country's GDP annually on 'core defence requirements' as well as defence- and security-related sectors by 2035 as outlined in The Hague Summit Declaration. As per the declaration, released on Wednesday following the summit, the 32 Heads of State and Government of the military alliance resolved to bolster its military capabilities, particularly the long-term threat posed by Russia and the persistent challenge of terrorism, while reaffirming the transatlantic bond and collective defence principles. 'We the Heads of State and Government of the North Atlantic Alliance, have gathered in The Hague to reaffirm our commitment to NATO, the strongest Alliance in history, and to the transatlantic bond. We reaffirm our ironclad commitment to collective defence as enshrined in Article 5 of the Washington Treaty - that an attack on one is an attack on all. We remain united and steadfast in our resolve to protect our one billion citizens, defend the Alliance, and safeguard our freedom and democracy,' the declaration stated. 'United in the face of profound security threats and challenges, in particular the long-term threat posed by Russia to Euro-Atlantic security and the persistent threat of terrorism, Allies commit to invest 5 per cent of GDP annually on core defence requirements as well as defence-and security-related spending by 2035 to ensure our individual and collective obligations, in accordance with Article 3 of the Washington Treaty,' it added. The declaration further breaks down the 5 per cent commitment into two essential categories, with at least 3.5 per cent of GDP allocated to core defence requirements and meeting NATO Capability Targets, with annual plans submitted to show a credible, incremental path to this goal. The remaining up to 1.5 per cent will be directed towards protecting critical infrastructure, defending networks, ensuring civil preparedness and resilience, unleashing innovation, and strengthening the defence industrial base, with a review of the trajectory and balance of this spending scheduled for 2029. 'Allies agree that this 5% commitment will comprise two essential categories of defence investment. Allies will allocate at least 3.5% of GDP annually based on the agreed definition of NATO defence expenditure by 2035 to resource core defence requirements and to meet the NATO Capability Targets. Allies agree to submit annual plans showing a credible, incremental path to reach this goal. And Allies will account for up to 1.5% of GDP annually to inter alia protect our critical infrastructure, defend our networks, ensure our civil preparedness and resilience, unleash innovation, and strengthen our defence industrial base. The trajectory and balance of spending under this plan will be reviewed in 2029, in light of the strategic environment and updated Capability Targets,' the declaration specified. However, the 5 per cent GDP commitment, a significant increase from the previous 2 per cent target, hasn't aligned with all the members of the organisation. Spain has openly stated it won't be able to meet the proposed 5 per cent defence spending target, with Spanish Prime Minister Pedro Sanchez affirming that his government will adhere to the existing 2 per cent benchmark, which was originally established after Russia launched its full-scale invasion of Ukraine in 2022, as reported by Al Jazeera. Spain currently ranks as the NATO member with the lowest defence spending, with just 1.24 per cent of its GDP allocated to defence in 2024, placing it among the nine countries that failed to reach the 2 per cent target, as per Al Jazeera. (ANI)
Cision Canada
4 days ago
- Business
- Cision Canada
Canada joins new NATO Defence Investment Pledge Français
THE HAGUE, the Netherlands, June 25, 2025 /CNW/ - The world is increasingly dangerous and divided, with the rules-based international system under unprecedented pressure and global conflict becoming more frequent and volatile. To meet this moment, Canada and its Allies are building their defence capabilities to strengthen our collective security. Today, the Prime Minister, Mark Carney, announced that Canada and its North Atlantic Treaty Organization (NATO) Allies have agreed to a new Defence Investment Pledge of investing 5 per cent of annual GDP by 2035 to ensure our individual and collective security. The commitment aligns with Canada's own strategic defence and security goals. As part of this 5 per cent pledge, Canada will invest 3.5 per cent of GDP for core military capabilities, expanding on our recent investments. That means further investments in our Canadian Armed Forces, modernizing our military equipment and technology, building up Canada's defence industries, and diversifying our defence partnerships. An additional 1.5 per cent of GDP will be dedicated to investments in critical defence and security-related expenditure, such as new airports, ports, telecommunication, emergency preparedness systems, and other dual-use investments which serve defence as well as civilian readiness. Importantly, the progress of this pledge will be reviewed in 2029 to ensure Allies' expenditures align with the global security landscape. At the Summit, Canada and its Allies reaffirmed their support for Ukraine and the leaders agreed on the imperative for a just and lasting peace. Canada's contributions to Ukraine's defence and its defence industries, including Canada's $2 billion in military assistance announced last week at the 2025 G7 Leaders' Summit in Kananaskis, Alberta, are included in our NATO contributions, as the security of Ukraine is critical to our collective security. Quotes "The world is increasingly dangerous and divided. Canada must strengthen our defence to better protect our sovereignty, our interests, and our Allies. These investments won't just build our military capacity – they will build our industries and create good, high-paying jobs at home. If we want a more secure world, we need a stronger Canada." — The Rt. Hon. Mark Carney, Prime Minister of Canada "Canada is a proud founding member of the Alliance. In an increasingly unstable and unpredictable world, we are making the critical investments needed to keep Canadians safe, support our Armed Forces, and strengthen our role in Europe and on the world stage. The renewed Defence Investment Pledge to invest 5 per cent of GDP by 2035 reaffirms Canada's strong commitment to our security, to our sovereignty, and to NATO." — The Hon. , Minister of National Defence The Hague Summit Declaration Canada and the North Atlantic Treaty Organization This document is also available at
