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Arms Sales to Developing Nations

In 2007, leading manufacturers in the highly competitive global arms market sought higher profits and expanded political influence in weapons sales to developing nations. The value of all arms transfer agreements with developing nations increased from $38.1 billion in 2006 to nearly $42.3 billion in 2007. This was an increase from $38.1 billion in 2006. The United States maintained its position as top arms dealer to developing nations in 2007 with $12.2 billion in weapons sales.

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