China is set to freeze all assets, both movable and immovable, belonging to Lockheed Martin's senior executives, including chairman James Donald Taiclet, and prohibit their entry into the country.
US companies General Atomics Aeronautical Systems and General Dynamics Land Systems were sanctioned by China over their alleged support for arms sales to Taiwan. The US and China have traded sanctions over various issues in the past.
Although the deal is modest in comparison to previous weapons sales, the move is likely to draw fierce criticism from Beijing, which regards self-governing Taiwan as a renegade province and refuses to rule out the use of force to reunify it with the mainland.
Tom Andrews, a special rapporteur working with the UN human rights office, called on the UN Security Council, where China and Russia are permanent members, to hold an emergency meeting to discuss a possible ban on sales of arms used by Myanmar's military against civilians.
Sales of arms and military services by the sector's largest 100 companies (excluding those in China) totalled USD 420 billion in 2018, marking an increase of 4.6 per cent compared with the previous year, the Stockholm International Peace Research Institute (SIPRI) said on Monday.
Earlier, US President Donald Trump's administration's approved of the sale of 108 Abrams tanks, 250 Stinger missiles and related equipment. However, the Pentagon's Defense Security Cooperation Agency (DSCA) said that the sale would not alter the basic military balance in the region and that it has notified Congress of the move.
Washington: The Obama administration announced on Wednesday a $1.83 billion arms sale to Taiwan, the first offered by the US to the self-governing island in four years.China regards Taiwan as part of its territory and
Washington, Apr 19: As the US enhances its security partnership with India as part of Asia rebalance, American companies could see "billions of dollars" in additional weapons sales to New Delhi, according to a senior
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