The US and Russia are dominating the global weapons trade
|12/29/2016||Posted by BusinessMediaguide.Com under General World News||
In 2015, arms-transfer agreements reached a total value of $79.9 billion, down from the 2014 total of $89 billion, according to a report from the nonpartisan Congressional Research Service.
The US dominated the trade, making agreements valued at $40.2 billion, which was 50.29% of all such agreements.
That number was up from $36.1 billion in 2014 and was well ahead of second-place France, which made agreements worth $15.3 billion, 19.16% of agreements made globally in 2015.
The total value of international arms-transfer agreements during the 2012-2015 period was up significantly over the previous three years, going from $266.6 billion between 2008 and 2011 read more >>>