Skip to content
The Mindanao Examiner Regional Newspaper

The Mindanao Examiner Regional Newspaper

Title

Name

Primary Menu
  • Home
  • Mindanao
  • Visayas
  • National
  • Features
  • Opinion
  • Business
  • International
  • SciTech
  • Health & Wellness
  • Sports
  • About Us
    • Regional Advertising Rates
    • Contact Us
    • Profile
  • Home
  • International
  • US is major driver of global expansion in arms trade, report finds – Al Jazeera
  • Featured
  • International

US is major driver of global expansion in arms trade, report finds – Al Jazeera

Chief Editor March 16, 2015

THE international arms trade is booming with America the major driver of its growth, according to a new report from the Stockholm International Peace Research Institute (SIPRI).

SIPRI researchers Pieter D. Wezeman and Siemon T. Wezeman found that the “volume of international transfers of major weapons” between 2010 and 2014 was 16 percent higher than it had been in the prior four years.

The United States was the biggest exporter during that period, ahead of Russia and China. American weaponry accounted for 31 percent of all exports between 2010 and 2014, the study states.

“It is by far the largest exporter, and its exports are definitely increasing,” Siemon Wezeman told Al Jazeera. “It’s gaining on the main competitors. There are a number of reasons for that, of course. A very important one is that a number of markets where the U.S. is normally quite strong are gaining again, especially the Middle East.”

Middle Eastern states such as the United Arab Emirates, Saudi Arabia, Egypt, and Israel accounted for about one-third of American exports. But American weapons manufacturers also shipped a significant chunk of their output to Asia and Oceania, in particular Korea and Australia. Wezeman also cited India as a “new market for the U.S.,” and a source of growth.

India, in fact, has dramatically increased importation of foreign arms, bringing in 140 percent more weaponry between 2010 and 2014 than it had between 2005 and 2009. The country now leads in arms imports, followed by Saudi Arabia, China, and the United Arab Emirates.

Wezeman said he expected the United States to export even more arms in the coming years.

“I would expect that to continue …  at a very high level,” he said.

In part, that is a response to declining investment in new weaponry for the American armed forces, according to SIPRI Arms and Military Expenditure Program director Aude Fleurant.

“The USA has long seen arms exports as a major foreign policy and security tool, but in recent years exports are increasingly needed to help the U.S. arms industry maintain production levels at a time of decreasing U.S. military expenditure,” said Fleurant in a statement accompanying the SIPRI report.

According to Wezeman, the United States government has an interest in maintaining those production levels because some of the revenue from exports goes into research and development.

“Without exports, the U.S. arms industry would survive,” he said. “It’s just that for the U.S. government, R&D would become more expensive because nobody’s sharing the burden with them.”

The export market for American arms manufacturers will likely grow “from 5 to 10 percent of their total output to 25 or 30 percent, maybe more,” he said. (By Ned Resnikoff)

Link:http://america.aljazeera.com/articles/2015/3/15/report-united-states-leads-global-expansion-of-arms-trading.html?utm_content=main&utm_campaign=ajam&utm_source=facebook&utm_medium=SocialFlow

 

fb-share-icon
Tweet 20

Continue Reading

Previous: Militias rescue abducted Basilan trader
Next: Robbers explode grenade, 2 injured in Zamboanga

Related News

Hacker by Tima
  • International

South Korea’s largest telecom operator suffers mass exodus of customers over data leak

Editor June 2, 2025
Bountiful-harvest
  • Featured
  • Mindanao Post

Aquaponics to conservation: How a young farmer is growing change

Editor May 28, 2025
BLT-1
  • Business
  • Featured

Joy of Sharing: Jollibee Group Foundation Marks 20 Years of Impactful Partnerships and Progress

Editor May 22, 2025

Trending News

PH mangoes land in Rome in bid to win over Italian market Mango1 1
  • Business
  • National

PH mangoes land in Rome in bid to win over Italian market

June 3, 2025
DOTr orders closure, raps vs. AirAsia Move over excessive air fares AirAsia-MOVE-app 2
  • National

DOTr orders closure, raps vs. AirAsia Move over excessive air fares

June 2, 2025
DOT assures Korean community of strengthened tourist safety measures Seo-In-Guk-&-Christina-Frasco 3
  • National
  • Tourism

DOT assures Korean community of strengthened tourist safety measures

June 2, 2025
South Korea’s largest telecom operator suffers mass exodus of customers over data leak Hacker by Tima 4
  • International

South Korea’s largest telecom operator suffers mass exodus of customers over data leak

June 2, 2025
Northern Mindanao’s basic literacy rate hits 90.8% in 2024, above national average NMin-Literacy 5
  • Mindanao Post

Northern Mindanao’s basic literacy rate hits 90.8% in 2024, above national average

June 2, 2025
  • Facebook
  • X
  • YouTube
  • Blog
Copyright © 2025. The Mindanao Examiner Regional Newspaper. All Rights Reserved. | MoreNews by AF themes.