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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2340

Norway - "the peace-maker" - is one of the biggest

[b]Norway -- "the peace-maker" -- is one of the biggest exporters of arms[/b]

[b]Oslo. 21 January, (Asiantribune.com): [/b]Norway which struts the international stage parading as a peace-maker is also one of the world's largest manufacturers and exporters of military hardware.

The Stockholm International Peace Research Institute (SIPRI) has revealed in its latest report that Norway is not only a leading exporter of arms but it is also raking huge profits from the arms industry which has recorded a strong growth. In five years the turnover has increased by 30 percent and the industry sells for NOK 7 billion (USD 1.05 billion) a year and employs around 5,000 people.

According to figures from SIPRI, Norway is the world's biggest arms exporter in relation to its population and the 11th in the world in real terms.

"The Socialist Left Party's disarmament profile has been pulverized by the Norwegian arms industry. An increasing share of Norwegian weapon production is being used in war situations, the export to the USA is colossal," reports financial magazine Økonomisk Rapport.

http://www.asiantribune.com/show_news.php?id=16799

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