EU code of conduct may shine light on practice of arms dealing

THE world of military spending tends to be a silent and shady area despite the fact that it consumes 2% of the world’s wealth, rising to 4% in poorer countries like Greece and Chad.

But during the week there was a little heralded story that shone a ray of light on an important but almost unknown aspect of this $1.4 trillion industry.

The European Defence Agency (EDA) announced it has secured agreement with member states, including Ireland, on a code of conduct for offset deals.