Trends in International Arms Transfers 2014

Date: March 18, 2015

SIPRI Arms Transfers India USA Russia China

SIPRI released annual report Trends in International Arms Transfers 2014

 

Stockholm International Peace Research Institute (SIPRI) released Trends in International Arms Transfers 2014 report on 16 March 2015.

Major findings of the report-

1- The volume of international transfers of major conventional weapons grew by 16 per cent between 2005–2009 and 2010–14.

2- The United States has taken a firm lead as the major arms exporter globally.The USA’s share of the volume of international arms exports was 31 per cent      in 2010–14, compared with 27 per cent for Russia.

3-  Among the top 10 largest importers of major weapons during the 5-year period 2010–14, 5 are in Asia:

      India (15 per cent of global arms imports), China (5 per cent), Pakistan (4 per cent), South Korea (3 per cent) and Singapore (3 per cent). 

4- India is the world's largest importer of weapons and military equipment, accounting for 15 percent of global imports, with Russia being its majority supplier.

5- The five biggest exporters in 2010–14 were the USA, Russia, China, Germany and France. Together, they accounted for 74 percent of the volume of arms exports. Combined, the USA and Russia supplied 58 percent of all exports.

6- China replaced Germany as the 3rd largest arms exporter in 2010–14, in 2005–2009 China was ranked 9th.

 About SIPRI- 

Stockholm International Peace Research Institute (SIPRI) is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament. Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public. Based in Stockholm, SIPRI also has a presence in Beijing, and is regularly ranked among the most respected think tanks worldwide. SIPRI's vision is a world in which sources of insecurity are identified and understood, conflicts are prevented or resolved, and peace is sustained.

 

Suggested question for mains-

In the light of recent trends of arms import in India analyse why we are the major arms importer during last decade and how does recent relaxation of FDI norms will affect our importer status? (150 words)