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NATO agrees to 5% GDP for defense after Trump reaffirms commitment

June 25 (UPI) -- Following a summit of the North Atlantic Treaty Organization in The Hague Wednesday, the alliance announced its member nations have agreed to each invest 5% of their Gross Domestic Product toward defense.

"This is a significant commitment in response to significant threats to our security," NATO Secretary General Mark Rutte said in a press conference.

Rutte said the 5% breaks down to 3.5% of each country's GDP invested in "core defense requirements" such as tanks, drones, ammunition and troops, among other items. The 1.5% remainder is to go into investments that will strengthen defense.

"All to ensure we can effectively deter aggression and defend ourselves, and each other, should anyone make the mistake of attacking," Rutte added.

The previous financial benchmark for NATO was 2%, which has either been met or is expected to be met this year by all members.

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