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Arms trade growing rapidly in Asia and won’t stop anytime soon

15 24 39
14.03.2018

IMPORTS and exports of weapons have grown over the past two decades and show no signs of slowing down in the near future, according to data released by a Swedish non-profit this week.

Updated data on international weapons transfers from the Stockholm International Peace Research Institute (SIPRI) shows that the flow of arms to Asia and Oceania increased between 2008-12 and 2013-17.

The region represented almost half (42 percent) of all global arms imports during the latter period.

SEE ALSO: China is winning the tech arms race against the United States

Globally, international transfers of major weapons increased by 10 percent between 2008-12 and 2013-17, in what SIPRI said is a continuation of an upward trend that began in the early 2000s.

Factors driving growth in the Asian weapons trade include the rise of China as a superpower, anxiety in East Asia over North Korea’s nuclearisation, territorial conflicts like that in the South China Sea, and the decades’ old tensions........

© Asian Correspondent