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Sweden’s arms exports hit record and the lucrative sector become Sweden main economic driver

Wednesday, 07 December 2011
As other countries might look at oil as their engine for growth: Japan automobile and electronics, Germany Industrial hardware, Norway Oil, for Sweden arms exports become our main stay. It has hit new records. Last year, Sweden was the country with the most sold weapons in the world, per person.

Sweden's JAS Gripen deal with Switzerland is in line with the Government's approach to arms exports, according to critics. There has been a change of attitude on arms exports, where war has been defence, and weapons have become profit drivers.
Recently, the Swiss government opted to buy the Swedish jet fighter aircraft JAS Gripen. A decision that gives will make Sweden to sell 22 Jas Gripen fighter planes to Switzerland for a price of Skr22 billion into the Swedish coffers.

The trend is clear, JAS affair is just the latest example of a Sweden shifting more to a lucrative business of arms exports, which is getting bigger and bigger. Sweden's arms exports have increased substantially during the 2000s, and since the current alliance coalition took over office, exports of military equipment have reached record levels.

Last year, Sweden sold military equipment worth Skr13.7 billion, an increase of 350 percent
 compared to ten years ago, and the largest sum to date. In 2009, Sweden sold munitions for about Skr13.5 billion. Sweden also sold military equipment to 63 countries in 2010, compared with 52 countries in 2000, and 33 countries in 1990.

“There is a marked increase in Swedish arms exports. We see that Sweden has a more positive attitude towards arms export. Granting more licenses, and there are more and more countries we sell to. It is unfortunate,” says Anna Ek, Chairman of the Swedish Peace and Arbitration Society to the Swedish daily Dagens Nyheter.
By Scancomark.se Team

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