Rapid Fire March 18, 2013: Top 5 Weapons Importers Are Asian CountriesMar 18, 2013 11:00 UTC by Defense Industry Daily staff
- The Stockholm International Peace Research Institute (SIPRI) research on trends in international arms transfers for 2012 puts China among the top 5 weapons exporters thanks to their sales to Pakistan. The top 5 importers, led by India, are all in Asia – which does not mean it’s easy to sell to them. Algeria and Morocco are listed among the fastest risers on the import side, while Greece’s purchases have collapsed.
- Being the world’s top armament importer is not enough to keep up with threats from Pakistan and China, if budget growth is flattening as a percentage of GDP and modernization is stalled, argues Indian Defence Review.