Asia-Pacific dominates global defence spending
Asia-Pacific nations figure prominently on the recently released list of top defence importers from the Stockholm International Peace Research Institute (SIPRI). Indeed, the region is the largest importer in the world, accounting for 40% of global arms sales in the 2009-14 timeframe.
The Sweden-based organisation released its 2018 figures on 11 March, stating that India, Australia, China, South Korea and Vietnam were the five largest buyers in Asia-Pacific.
Other Asian countries within the top 25 in the world were, in order, Pakistan, Indonesia, Taiwan, Japan, Singapore and Bangladesh.
Interestingly, however, sales in Asia-Pacific dropped 6.7% compared to 2009-13. In fact,
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