Nation
U.S. Leads in Weapons Trade — For Now
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The United States still dominates the global arms trade, but its modus operandi has come under increased scrutiny, even as competitors battle for first place. Australia, Britain, Japan and mush of Africa are among 100 countries that would like to create a U.N. treaty regulating the arms trade. The NRA vehemently opposes the proposal — which would focus only on arms imports and exports, but which the advocacy group perceives as a slippery slide toward domestic gun regulations. The United States has studiously avoided taking a position on the treaty, but last December was the lone dissenting vote among 153 nations on a General Assembly resolution creating the treaty process, reports Australia’s Herald Sun. U.S. arms exports totaled $17 billion last year, giving it close to a 42 percent market share, according to the Congressional Research office.