Canada · 6 d ago
Jürgen Matern · CC BY-SA 3.0 · Wikimedia Commons
German industry groups urge Berlin to join the Canada-led defence bank
Eight of Germany's leading industry and business associations say Berlin should become a founding member of the Defence, Security and Resilience Bank, or risk losing out.
Nov
30
Monday
Luxembourg
Canada and eight partner countries will sign the bank's founding agreement in Luxembourg on Nov 30. Operations are to begin in 2027.
What we know
- Germany and France have not committed
- Germany observed the charter talks
Not yet
- Whether Berlin joins before Nov 30
Germany and France have not committed yet, and Germany's ambassador says Berlin is still weighing its options.
And us?
Germany was the second-largest destination for Canadian military exports outside the U.S. in 2025, at $371.7 million. Canada's Big Six banks back the new bank.
