Swiss arms exports rose almost 18percent in 2018

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Investec
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Switzerland exported close to 18% more arms over the first nine months of 2018 than it did in the first nine months of 2017, according to figures published by State Secretariat for Economic Affairs (SECO).

According to the numbers, in the nine months to 30 September 2018, Swiss companies exported close to CHF 300 million of arms, nearly CHF 45 million or 17.6% more than over the same period in 2017.

The largest customers were Germany (60 million), Denmark (51 million), the US (43 million) and France (10 million). These four nations together made up around 55% of the total.

Exports to a total of 61 countries were shown in the report. The Group for a Switzerland without an army (GSoA) claims that weapons were delivered to countries where they could quickly fall into the wrong hands.

About Investec

Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

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