WASHINGTON: North Atlantic Treaty Organisation (Nato) allies have started cobbling together an agreement to significantly boost defence spending in a way that may assuage US President Donald Trump’s demand to spend 5% of economic output on the military.
Negotiators in the military alliance are making progress on a path to achieve 5% of gross domestic product (GDP) on defence and defence-related spending by 2032 ahead of a Nato summit in The Hague in June, according to diplomats familiar with the matter.
