Thursday, June 19, 2008

Britain is the world's biggest arms dealer

From the UK Times Online:

London Britain was the world’s biggest arms seller last year, accounting for a third of global arms exports, the Government’s trade promotion organisation said.

UK Trade and Investment (UKTI) said that arms exporters had added £9.7 billion in new business last year, giving them a larger share of global arms exports than the United States.

“As demonstrated by this outstanding export performance, the UK has a first-class defence industry, with some of the world’s most technologically sophisticated companies,” Digby Jones, the Minister for Trade and Investment, said.

UKTI said that the figures were boosted by orders for Eurofighter Typhoon jets from Saudi Arabia, the world’s biggest arms buyer, which has imported $31 billion (£16 million) in weapons over the past five years. There were also orders from Oman and Trinidad and Tobago for offshore patrol vessels.

The US is still the world’s biggest exporter over the past five years, with $63 billion in total arms exports. Britain was second with $53 billion and Russia third with $33 billion.

Interesting... especially considering the UK attitude towards civilian firearms ownership.

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