Thursday, August 10, 2023

"France may soon overtake Russia as the world’s No. 2 arms exporter"

From France 24, August 2:

Reports of new deals to sell French arms to India and Qatar are just the latest sign that France’s defence industry is gaining pace. The news comes as Russian arms exports decline in the wake of the war in Ukraine, leading to speculation that France could soon take its place as the world’s second-largest weapons exporter after the United States. 

At this year’s Bastille Day military parade on July 14, French President Emmanuel Macron was joined by Indian Prime Minister Narendra Modi. It was also not just French forces on display. On the ground, Macron and his guest of honour watched as the Indian Tri-Services contingent made their way up the Champs-Élysées. In the air, the Indian Air Force performed a fly-past in French-made Dassault Rafale fighter jets.

To anyone closely following the international arms trade, this will not have come as a surprise. The day before, New Dehli gave initial approval for an order of six Scorpène submarines and 26 Rafale jets for the Indian Navy. Two weeks later on July 25, France’s La Tribune newspaper reported Qatar is considering adding another 24 Rafales to their stockpile.

Between 2018 and 2022, France’s share of the global arms trade increased to 11 percent compared with 7.1 percent over the previous four-year period, according to an annual Stockholm International Peace Research Institute (SIPRI) report published in March. In the same period, the Russian share of the international arms trade declined from 22 to 16 percent....