U.S. accounts for over two-thirds of all foreign weapon sales

September 7, 2009

(ChattahBox) — In another shining examples of, ‘do as we say’ and ‘not as we do’, a new report shows the United States accounting for more than two-thirds of foreign weapons sales in 2008.  The New York Times, citing a congressional study released on Friday, finds the US was involved in 68.4 percent of the global sales of arms.  And despite the global economic recession, U.S. weapons sales jumped nearly 50 percent in 2008, to $37.8 billion from $25.4 billion the year before with major new orders from clients in the Near East and in Asia”.  The US stepped up it’s game, while worldwide sales of global arms fell 7.6 percent to $55.2 billion in 2008, with Italy, a very distant second, amassing only $3.7 billion in arms sales, while Russia ranked third with sales falling to $3.5 billion in 2008, down from $10.8 billion in 2007.  The report revealed, United Arab Emirates, Morocco, Taiwan, India, Iraq, Saudi Arabia, Egypt, South Korea and Brazil reached new weapons deals with the United States, in 2008.  How many of those weapons end up being used against us in the near future remains to be seen, but past experience shows it’s a likelihood.  The annual report was produced by the nonpartisan Congressional Research Service, a division of the Library of Congress.


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