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.
Dr Shail Rupakheti, Ambassador Extraordinary and Plenipotentiary of Nepal to the Federal Republic of Germany, presented his ‘Letters of Credence’ to Frank-Walter Steinmeier, President of G...