LONDON: A buying spree in the Asia-Pacific region propelled double-digit growth in the global arms market last year to a record $65 billion (57.7 billion euros), defense analysts IHS Jane’s said Monday.
Defense imports by Asia-Pacific nations soared 71 percent in a “spend surge” between 2009 and 2016, the analysts said, helping the global arms market jump 11.3 percent or $6.6 billion last year.
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