Last week, Prime Minister Mark Carney and our North Atlantic Treaty Organization (NATO) allies agreed to a new defence investment pledge — investing 5 per cent of annual gross domestic product (GDP) by 2035. That figure includes 3.5 per cent on core military capabilities and 1.5 per cent on defence and security-related infrastructure, such as ports and emergency preparedness systems.
This is an historically significant commitment and is rationalized by NATO political leaders in the context of rising global security threats and a need to increase contribution from non-U. S. members.
