Tuesday, March 20, 2012

Arm Sales Increase Worldwide With Asian States Being The Biggest Buyers

Asian States Are World's Largest Arms Buyers -- Al Jazeera

The top five arms importers are all Asian countries, with India the single largest recipient.

New York, NY - China, India and South Korea - three of the most vibrant economies in Asia - are also beefing up their military arsenals with new weapons systems from the United States, Russia, Germany, France and the UK.

According to the latest figures released Monday by the Stockholm International Peace Research Institute (SIPRI), the world's five largest arms importers in 2007-2011 were all Asian states beating out the traditional frontrunners - the rich, oil-blessed Middle Eastern countries.

India was the world's single largest recipient of arms, accounting for 10 per cent of global arms imports, followed by South Korea (six per cent of arms transfers), Pakistan (five per cent), China (five per cent) and Singapore (four per cent).

The five biggest arms suppliers in 2007-2011 were the United States, Russia, Germany, France and the UK.

Read more ....

More News On The World`s Top Importers Of Arms

India behind 24% jump in world arms trade -- BBC
Global arms trade growth by a quarter is spurred by India -- The Guardian
Rise in International Arms Transfers is Driven by Asian Demand -- Defpro
Global Arms Trade Surges, Pumped By Indian Buying Spree -- International Business Times
Asia Home to World’s Top Five Weapons Importers -- Epoch Times
U.S., Russia Exported Most Arms; India Biggest Importer -- Radio Free Europe
Asia is world's top weapon importer: SIPRI -- AFP
Asia top weapon importer, says report -- Hurriyet Daily News
China Warns of Possible Arms Race in Asia -- Voice of America
UAE biggest Gulf importer of arms - report -- Arabian Business
U.S. Weapons Manufacturers Capitalize on Rising Demand in Asia -- National Defense

WNU Editor: Sipri`s report on international arms transfers can be read here.

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