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News Link • Military Industrial Complex

THE MULTIBILLION INTERNATIONAL ARMS TRADE

• http://www.globalresearch.ca, by SIPRI
 

The volume of worldwide arms transfers in 2007–2011 was 24 per cent higher than in 2002–2006 and the five largest arms importers in 2007–2011 were all Asian states, according to new data on international arms transfers published today by Stockholm International Peace Research Institute (SIPRI).

Read the press release in French here, Spanish here and in Swedish here.

Asia and Oceania accounted for 44 per cent of global arms imports, followed by Europe (19 per cent), the Middle East (17 per cent), the Americas (11 per cent) and Africa (9 per cent).

India was the world’s largest recipient of arms, accounting for 10 per cent of global arms imports. The four next largest recipients of arms in 2007–2011 were South Korea (6 per cent of arms transfers), Pakistan (5 per cent), China (5 per cent) and Singapore (4 per cent).

‘Major Asian importing states are seeking to develop their own arms industries and decrease their reliance on external sources of supply,’ said Pieter Wezeman, senior researcher with the SIPRI Arms Transfers Programme. ‘A large share of arms deliveries is due to licensed production.’

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