Global Arms Trade Increases by Nearly 10% Over Five Years, SIPRI Report Reveals

The Stockholm International Peace Research Institute (SIPRI) released a report on Monday, revealing a nearly 10% increase in global arms trade over the past five years. According to Ming Pao, the report highlights a significant rise in arms imports in Europe, which have more than tripled during this period. In Asia, India has emerged as the leading importer of weapons. The findings underscore shifting dynamics in international arms trade, with Europe and Asia experiencing notable changes in their import patterns.