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STOCKHOLM — Surging global weapons transfers are raising concerns about arms races in tension-fraught areas of the globe, a peace research group warned today.
New data from the Stockholm International Peace Research Institute showed that transfers of major conventional weapons rose by 22 percent in 2005-2009, compared with 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 made the top-10 list of major weapons importers for the first time.
SIPRI also said that Iran was the second-largest customer for China’s arms industry over the past five years.
