‘One-way street’: US urged to buy more British weapons

Britain’s arms trade with the United States is a “one-way street,” Minister of State for Defence Procurement Philip Dunne has said, urging the US to buy more UK-built weapons.

Dunne told reporters during his first visit to the US since the general election there was a trade imbalance between the two nations.

He claimed he raised the issue with the US Defense Undersecretary during his trip.

Trade often seems to go largely in one direction. Put simply, we buy rather more from you than you buy from us.”

The minister said he told his US counterpart more could be done to leverage the two countries’ closely-linked defense industries.

The US authorized more than $4.5 billion (£2.8 billion) in sales of military equipment and services to the UK last year, according to a State Department report.

By contrast, Britain authorized export licenses to the US of arms worth £2.5 billion ($3.9 billion) over a five-year period from 2010 to 2015, according to Campaign Against the Arms Trade (CAAT).

Via RT.