Global defense trade reached a record breaking $65 billion in 2015. IHS forecasts that the market will increase further to $69 billion in 2016. The Middle East was the largest importing region, with $21.6 billion in deliveries of defense equipment.
Presenting the government’s annual policy and programme at a joint meeting of the Federal Parliament on Monday, President Ram Chandra Paudel said the government would move toward formalising a d...