This page links to other initiatives aimed at developing modelling- and simulation-related markup languages.
Coneference paper on ModelicaXML
http://www.modelica.org/events/Conference2003/papers/h39_Pop.pdf
Virtual Cellhome page: http://www.nrcam.uchc.edu/login/login.html
Unfortunately, although they claim to have a declarative model-representation language, it is not immediately obvious, when visiting their site, where this is defined.