23 EU Countries sign defense pact on pesco

Added On November 14, 2017

Defense ministers of 23 EU member states Monday signed a pact on joint defense cooperation and handed it over to EU foreign policy chief.
According to EU foreign affairs council, the pact on the Permanent Structured Cooperation, or PESCO, foresees the possibility of a number of EU member states working more closely together in the area of security and defense.
The PESCO is expected to bring more binding commitments to strengthen cooperation in defense.
This permanent framework will allow EU member states to jointly develop defense capabilities, invest in shared projects, or enhance the operational readiness and contribution of their armed forces.
The European Commission said a formal decision of establishing PESCO will be adopted by the end of the year.
Apart from Britain, Denmark, Portugal, Ireland and Malta have yet to decide whether to join the pact.