BREAKING NEWS

Israel among top arms exporters and importers

By GLOBES

AUGUST 28, 2012 17:35

Israel has been named one of the world's top arms exporters, according to a report, Conventional Arms Transfers to Developing Nations, 2004-2011, sent to Congress on Friday by the Congressional Research Service (CRS) at the Library of Congress.

The report states that most of Israel's customers are developing countries. Israel is also one of the world's biggest arms buyers.

In 2004-11, Israel signed arms transfer agreements worth $12.9 billion, putting it in eighth place among the world's eleven biggest arms suppliers (behind the US, Russia, France, the UK, Germany, China, and Italy). In 2011, Israel's arms transfer agreements nations totaled $400 million. Arms deliveries totaled $10.6 billion in 2004-11, including $1.8 billion in 2011. (Arms deliveries in any given year are often the results of agreements signed in previous years).

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