Major arms sales flat in 2016-20 for first time in more than a decade | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Food
    • Habitat
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Monday
December 04, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Food
    • Habitat
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
MONDAY, DECEMBER 04, 2023
Major arms sales flat in 2016-20 for first time in more than a decade

Global Economy

Reuters
15 March, 2021, 08:45 am
Last modified: 15 March, 2021, 08:48 am

Related News

  • BRAC employee arrested for allegedly supplying arms to Rohingya camp
  • Two people, including shooter, killed in gun violence at New Hampshire psychiatric hospital
  • Israel-Hamas war: USA is quietly sending Israel more ammunition, laser-guided missiles
  • US senator arrested in Hong Kong over gun possession, later granted bail
  • Inside Asia's arms race: China near 'breakthroughs' with nuclear-armed submarines, report says

Major arms sales flat in 2016-20 for first time in more than a decade

It was the first time since 2001–2005 that the volume of deliveries of major arms between countries - an indicator of demand - did not increase from the previous five year period

Reuters
15 March, 2021, 08:45 am
Last modified: 15 March, 2021, 08:48 am
Major arms sales flat in 2016-20 for first time in more than a decade

International deliveries of arms were flat in the period 2016-2020, ending more than a decade of increases, the Stockholm International Peace Research Institute (SIPRI) said in a report on Monday.

The United States, France and Germany - three of the world's biggest exporters - increased deliveries, but falls in exports from Russian and China offset the rise, SIPRI said.

It was the first time since 2001–2005 that the volume of deliveries of major arms between countries - an indicator of demand - did not increase from the previous five year period, SIPRI said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

While the pandemic has shut down economies across the world and pushed many countries into deep recessions, SIPRI said it was too early to tell whether the slowdown in arms deliveries was likely to continue.

"The economic impact of the Covid-19 pandemic could see some countries reassessing their arms imports in the coming years," Pieter Wezeman, senior researcher with the SIPRI Arms and Military Expenditure Programme, said in a statement.

"However, at the same time, even at the height of the pandemic in 2020, several countries signed large contracts for major arms."

The United Arab Emirates, for example, recently signed an agreement with the United States to purchase 50 F-35 jets and up to 18 armed drones as part of a $23 billion package.

Middle Eastern countries accounted for the biggest increase in arms imports, up 25% in 2016–20 from 2011–15.

Saudi Arabia, the world's biggest arms importer, increased its arms imports by 61% and Qatar by 361%.

Asia and Oceania were the largest importing regions for major arms, receiving 42% of global arms transfers in 2016–20. India, Australia, China, South Korea and Pakistan were the biggest importers in the region.

"For many states in Asia and Oceania, a growing perception of China as a threat is the main driver for arms imports," said Siemon Wezeman, Senior Researcher at SIPRI, said.

Top News / World+Biz

Arms sale / Arms sales / Stockholm International Peace Research Institute (SIPRI) / Global Arms Market / Global arms sales / Arms Business / Arms industry / Arms

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • For the first time, Bangladesh seeks foreign loans to support Rohingyas
    For the first time, Bangladesh seeks foreign loans to support Rohingyas
  • Treasury bill interest rate tops 11%
    Treasury bill interest rate tops 11%
  • File Photo of Prime Minister Sheikh Hasina
    PM to hold meeting with leaders of 14-party alliance tomorrow

MOST VIEWED

  • Representative image
    5.5 magnitude earthquake jolts Dhaka, parts of country
  • Cox's Bazar Express started its first journey from Cox's Bazar to Dhaka at 12:40pm on Friday (1 December). Photo: Nupa Alam
    Man crushed by Cox's Bazar Express on debut journey
  • Representative image
    BCS admin cadres' organisation forays into luxury hotel business
  • Will Bangladeshi garment exporters be able to meet EU's upcoming standards?
    Will Bangladeshi garment exporters be able to meet EU's upcoming standards?
  • 5 renewable power projects on cards to counter global fuel price surge
    5 renewable power projects on cards to counter global fuel price surge
  • Collage of the Android Earthquake Alerts System screenshots posted on the social media on Saturday, 2 December 2023
    Here’s how your Android phone alerts you of an earthquake

Related News

  • BRAC employee arrested for allegedly supplying arms to Rohingya camp
  • Two people, including shooter, killed in gun violence at New Hampshire psychiatric hospital
  • Israel-Hamas war: USA is quietly sending Israel more ammunition, laser-guided missiles
  • US senator arrested in Hong Kong over gun possession, later granted bail
  • Inside Asia's arms race: China near 'breakthroughs' with nuclear-armed submarines, report says

Features

Designed for utility, the D90 is a giant in comparison to other MG models and misses out on design elements which gives the other models their sporty stance. Photo: Akif Hamid

Maxus D90: Spacious, capable and practical

7h | Wheels
Maria Callas: Remembering the soprano diva on her century

Maria Callas: Remembering the soprano diva on her century

6h | Features
Photo: Touseful Islam

Last sip of coffee with cats: Bidding adieu to Capawcino

8h | Features
Jannatul Ferdous Ivy has written 11 books so far with the latest, a series of poems, being published this year. Photo: Noor-A-Alam

Jannatul Ferdous Ivy: Overcoming tragedy, excelling in life

17h | Panorama

More Videos from TBS

Euro champion Italy in 'Group of Death' with Spain and Croatia

Euro champion Italy in 'Group of Death' with Spain and Croatia

3h | TBS SPORTS
Will Israel kill expatriate Hamas leaders after the war?

Will Israel kill expatriate Hamas leaders after the war?

2h | TBS World
Mahiya Mahi, Dolly Sayantani and Hero Alam's candidacy canceled!

Mahiya Mahi, Dolly Sayantani and Hero Alam's candidacy canceled!

6h | TBS Stories
Doctors of bike engines

Doctors of bike engines

4h | TBS Stories
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]