EconomistNews

The global arms trade is booming. Buyers are spoiled for choice

ONLY a few months ago, Canadians were earnestly debating whether or not the country’s Liberal administration was right to go ahead with executing a $12bn contract to deliver armoured vehicles to Saudi Arabia. The government said it would, but acknowledged its critics’ concerns by agreeing to adopt a version of an international treaty that limits arms sales to rogues (see article).

However, things took a different turn. It was the Saudis who plunged the deal into uncertainty. After Canada’s foreign minister urged the release of some political prisoners on Twitter, the Saudi government declared that all new business with Canada was suspended. This left Canadians unsure if the kingdom still wants the arms deal. And if the Saudis do walk away, plenty of other countries will be happy to supply armoured cars. “They could get their combat vehicles from Turkey, South Korea or Brazil,” says Pieter Wezeman, a researcher at SIPRI, a…

Source: The Economist Newspaper

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