WASHINGTON -- The United States and Russia continued to dominate the global arms market last year, especially when measured in weapons deals to developing nations. The United States maintained its lead in worldwide weapons sales in 2003, signing deals worth more than $14.5 billion, or 56.7 percent of all arms agreements, up from $13.6 billion in 2002, the study showed. Russia ranked second, signing agreements worth $4.3 billion, or 16.8 percent of all global arms sales deals in 2003. Between 2000 and 2003, China signed arms deals to acquire $9.3 billion dollars in weapons. After China, the nations that signed the highest-value weapons deals during that period were, in order, the United Arab Emirates, Egypt, India, Israel, South Korea, Saudi Arabia, Malaysia, Singapore and Kuwait, according to the report.
Posted by Editor at August 30, 2004 08:55 AM
