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Monday, March 15, 2010

Surging global weapons transfers raise concerns

Kilo class submarineSurging global weapons transfers are raising concerns about arms races in tension-fraught areas of the globe, a leading peace research group warned Monday.

New data from the Stockholm International Peace Research Institute showed that transfers of major conventional weapons rose by 22 percent in 2005-2009, compared to the previous five-year period.

The U.S. remains the biggest arms supplier, accounting for 30 percent of weapons exports, while China and India are the biggest importers of conventional weapons, SIPRI said. It added that Singapore and Algeria both made the top-10 list of major weapons importers for the first time.

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