C: Jay Rembert – Unsplash

America is still the world’s largest arms dealing nation with figures now showing that over the last five years Washington has seen its share of the global arms trade grow to 37% says the Stockholm International Peace Research Institute (Sipri).

Featuring prominently behind the leap are exports to the Middle East region – the area also showing the largest import increase.

C: Jay Rembert – Unsplash

Speaking to the global media, Pieter Wezeman, senior researcher at Sipri said “It is too early to say whether the period of rapid growth in arms transfers of the past two decades is over,” adding “(T)he economic impact of the COVID-19 pandemic could see some countries reassessing their arms imports in the coming years.

“However, at the same time, even at the height of the pandemic in 2020, several countries signed large contracts for major arms.”

Whilst not quite at the levels seen in the Cold War era, sales of weapons and ammunition around the world have stayed stable since around 2016 according to the report.

C: Shari Sirotnak – Unsplash

Of the total US arms exports, 47% was sent to Middle East nations with Saudi Arabia the largest buyer taking 24% of US arms exports.

Almost 100 other nations around the world are also on Washington’s list of clients in terms of arms deals, although France and Germany are doing their best to catch up.

Paris and Berlin both saw sales of arms on the international markets jump considerably with French exports alone up by 44%.

C: Jay Rembert – Unsplash

Comments are closed.

You May Also Like

Fitness Club Shut Due To Coronavirus Fears

despite a requirement (for) self-quarantine … club member chose to visit the Yawei fitness club

Taiwan to Impose Health Declaration Forms on All Visitors

Those failing to accurately do so face a fine of up to NT$150,000

Despite Trade War, Taiwan Raises Economic Forecast For 2020

The ongoing US-China trade war seems to be impacting everyone, except perhaps…

In Taiwan, Southeast Asians Find Roots In A Bookstore

Humans often tend to create and sustain differences between each other. In…