Swedish think tank: Arms trade is flourishing


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

HELSINKI (AP) — A Swedish think tank says that the global arms trade has steadily increased in volume the past five years, propelled by an almost doubling of arms imports in the Middle East and strong growth in demand in Asia.

Five countries — United States, Russia, China, France, Germany — accounted for 74 percent of the total arms exports.

The Stockholm International Peace Research Institute said Monday that Asia and Oceania accounted for 43 percent of global arms imports in 2012-16, with India being the largest importer accounting for 43 percent of all imports. It was followed by Saudi Arabia with an increase of 212 percent compared to the previous five years.

The largest exporter, USA, increased arms exports by 21 percent, with almost half going to the Middle East.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast