Source:
Int. Herald TribuneU.S. leads arms sales to developing countries
By Thom Shanker
Published: September 30, 2007
WASHINGTON: The United States maintained its role as the leading supplier of weapons to the developing world in 2006, followed by Russia and Britain, according to a Congressional study. Pakistan, India and Saudi Arabia were the top buyers.
The global weapons market is highly competitive, with manufacturing countries seeking both to increase profits and to expand political influence through weapons sales to developing nations that reached nearly $28.8 billion in 2006. That sales total was a slight drop from the 2005 figure of $31.8 billion, a trend explained by the strain of rising fuel prices that prompted many developing states - except those that produce oil - to choose upgrading current arsenals over purchasing new weapons.
The report, "Conventional Arms Transfers to Developing Nations," was produced by the nonpartisan Congressional Research Service, an office of the Library of Congress, and presents a number of interesting observations linking arms sales and global politics.
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In 2006, the United States agreed to sell $10.3 billion in weapons to the developing world, or 35.8 percent of these deals worldwide, according to the study. Russia was second with $8.1 billion, or 28.1 percent, and Britain was third with $3.1 billion, or 10.8 percent. Pakistan concluded $5.1 billion in agreements to purchase arms in 2006. That total was followed by India with $3.5 billion in agreements and Saudi Arabia with $3.2 billion in deals.
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