Obama consider to relax the arms export restrictions
[with United News Agency reported on April 23, 2012] as the increase in the defense industry export earnings, one of the important measures to deal with domestic and foreign defense budget cuts, the U.S. government is considering simplify the approval procedure of arms exports.
Although the United States is the world’s largest defense suppliers, but because of its complex program of weapons exports, the future will lead to the failure of the defense industry competition. The U.S. government is working to expand U.S. export market share (currently less than one-third of the total market). More foreign orders will promote domestic employment, and will also help realize the Government’s defense exports in the next three years, doubling the target.
U.S. defense suppliers want India to buy 126 fighter jets, 10 large transport aircraft and other equipment contract, the potential value of these contracts will reach $ 16 billion. Obama to relax export control requirements in 2009, allowing the allies or the United States to achieve important strategic objectives of national export defense equipment to the United States. Analysts said India’s defense exports are an important part of the strategic objectives of the United States to achieve national defense and security in South Asia. (Economic Research Institute of the Chinese shipbuilding industry in the red)