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Wednesday, May 9, 2018

Arms trade

America dominates the thriving global weapons trade


US F-35B fighter jets drop GBU-32 bomb during a training at the Pilsung Firing Range on September 18, 2017
Brutal civil wars in Syria and Yemen, coupled with the return of great power rivalries between the US, Russia and China, have brought the world's arms trade into sharp focus.
And unsurprisingly it is a thriving global industry, with the total international trade in arms now worth about $100bn (£74bn) per year, Pieter Wezeman, senior researcher at the Stockholm International Peace Research Institute (Sipri), tells the BBC.
In its latest figures, the defence industry think tank says that major weapons sales in the five years to 2017 were 10% higher than in 2008-12.
And it is the United States that is extending its lead as the globe's number one arms exporter, adds Sipri.
It estimates that the US now accounts for 34% of all global arms sales, up from 30% five years ago, and are now at their highest level since the late 1990s.

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