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The 193-nation U.N. General Assembly on Tuesday overwhelmingly approved the first-ever treaty on global arms trade that seeks to regulate the $70 billion international trade in conventional arms ranging from light weapons to battle tanks and warships.
The Defense Secretary Leon Panetta promised on Wednesday to let India buy America's best weapons technology and jointly produce and develop equipment in a bid to increase trade with the world's top arms importer.
Senh: India's the world's top weapons importer. They do have to worry about Pakistan and China.
China has said it will impose unspecified sanctions on U.S. firms selling weapons to Taiwan in retaliation for the U.S. announcement that it planned to sell $6.4 billion of arms to Taiwan, which Beijing considers a breakaway province.