{"id":123796,"date":"2021-05-05T10:47:44","date_gmt":"2021-05-05T10:47:44","guid":{"rendered":"https:\/\/precoinnews.com\/?p=123796"},"modified":"2021-05-05T10:47:44","modified_gmt":"2021-05-05T10:47:44","slug":"analysis-biden-poised-to-pivot-u-s-arms-deals-toward-security-human-rights","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/analysis-biden-poised-to-pivot-u-s-arms-deals-toward-security-human-rights\/","title":{"rendered":"Analysis-Biden poised to pivot U.S. arms deals toward security, human rights"},"content":{"rendered":"

WASHINGTON (Reuters) – Ninety minutes before President Joe Biden took office on January 20th, the United States signed a $23 billion dollar deal to sell F-35 jets, drones and advanced missiles to the United Arab Emirates.<\/p>

U.S. President Joe Biden addresses a joint session of Congress as U.S. Vice President Kamala Harris looks on at the U.S. Capitol in Washington, U.S., April 28, 2021. Jim Watson\/Pool via REUTERS<\/figcaption>

It was part of flurry of last minute deals President Donald Trump had told Congress were coming in his last two months in office, forcing the Biden administration to make quick decisions on whether or not to stick with the geopolitically sensitive weapons sales.<\/p>\n

To the surprise of some Democratic allies, Biden has so far kept the lion\u2019s share of Trump\u2019s more controversial agreements. Executives at five large defense contractors who requested anonymity to speak freely were also surprised by the speed of the Biden administration\u2019s deliberations.<\/p>\n

Longer-term, however, those executives and five more people in and around the administration told Reuters that Biden\u2019s policy will shift to emphasize human rights over Trump\u2019s more commercial approach to exporting military equipment.<\/p>\n

Biden\u2019s posture towards arms exports – specifically around reducing weapons used to attack others – could shift sales at Boeing Co, Raytheon Technologies Corp and Lockheed Martin Corp. That means fewer bullets, bombs and missiles, while security products like radars, surveillance equipment and defenses against attacks get the green light.<\/p>\n

In an interview last week, Raytheon\u2019s CFO Neil Mitchill said that offensive munitions exports, \u201cgoing forward, the kinds of sales that we were talking about have been declining,\u201d adding there has been a multi-year downward trend of offensive weapon sales to foreign customers.<\/p>\n

Boeing and Lockheed declined to comment.<\/p>\n

In the early days of the Biden administration, officials paused weapons sales to Middle East allies, including sales of Raytheon\u2019s and Boeing-made precision guided munitions to Saudi Arabia.<\/p>\n

Eventually a determination was made to only sell the Kingdom \u201cdefensive\u201d arms, while limiting weapons that could be used to attack out of concern over casualties in Saudi Arabia\u2019s war with Yemen.<\/p>\n

Biden\u2019s team ultimately decided to stick with the massive UAE deal. The move spurred criticism from the human rights group Amnesty International which immediately bashed the decision and drew complaints from lawmaker Robert Menendez, Chairman of the powerful Senate Foreign Relations Committee.<\/p>\n

One former U.S. official familiar with the Biden transition team\u2019s thinking noted that many aspects of the F-35 sale still need to be negotiated, giving them leverage as the Abraham Accords between UAE and Israel are implemented. The F-35 sale was a side deal to the accords.<\/p>\n

PIVOT TO DEFENSE<\/h2>\n

But arms deals like Trump\u2019s UAE agreement, and others with governments that have poor records on human rights records look far less likely from the Biden White House.<\/p>\n

\u201cWhile economic security will remain a factor\u201d when reviewing weapons sales, the Biden Administration will \u201creprioritize\u201d other factors including U.S. national security, human rights and nonproliferation, a U.S. official has told Reuters.<\/p>\n

\u201cI\u2019m hopeful that as we hear statements that support human rights as being front and center in arms transfer deliberations, we\u2019ll see that play out through actual decisions, and not just words,\u201d Rachel Stohl, vice president at the Stimson Center in Washington said.<\/p>\n

During the transition period from election day in November to Biden\u2019s inauguration, Trump\u2019s team sent notification of $31 billion of foreign arms sales to Congress. Congressional notifications occur for most foreign military sales before a contract can be signed to sell a weapon.<\/p>\n

On average, foreign military sales under Trump amounted to $57.5 billion per year, versus an average of $53.9 billion per year for the eight years under his predecessor Barack Obama, in 2020 dollars, according to Bill Hartung, director of the Arms and Security Program at the Center for International Policy think tank.<\/p>\n

Biden\u2019s approval of several late-Trump deals will ease the political and diplomatic transition from one administration to another, according to a State Department official. In the case of the UAE deal, the official said, it helps the two nations \u201cmeet our mutual strategic objectives to build a stronger, interoperable, and more capable security partnership.\u201d<\/p>\n

As Lockheed\u2019s CEO Jim Taiclet put it to Reuters late last year, \u201calliances are really important… Foreign Military Sales are part and parcel of that.\u201d<\/p>\n

The Biden administration inherited a backlog of more than 500 weapons export deals teed up by the Trump administration, one person briefed on the State Department\u2019s backlog said.<\/p>\n

Going forward, the Stimson Center\u2019s Rachel Stohl said Biden\u2019s State Department team is \u201clooking at countries, at individual weapons systems, as well as individual sales.\u201d But as more appointees take their posts at the State Department she said there could be a \u201cparadigm shift on the way in which arms sales are considered as part of holistic efforts to develop and build partnerships and capacity.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON (Reuters) – Ninety minutes before President<\/p>\n","protected":false},"author":3,"featured_media":123795,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nAnalysis-Biden poised to pivot U.S. arms deals toward security, human rights - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/analysis-biden-poised-to-pivot-u-s-arms-deals-toward-security-human-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysis-Biden poised to pivot U.S. arms deals toward security, human rights - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON (Reuters) – Ninety minutes before President\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/analysis-biden-poised-to-pivot-u-s-arms-deals-toward-security-human-rights\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-05T10:47:44+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/Analysis-Biden-poised-to-pivot-U.S.-arms-deals-toward-security-human-rights.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/analysis-biden-poised-to-pivot-u-s-arms-deals-toward-security-human-rights\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/analysis-biden-poised-to-pivot-u-s-arms-deals-toward-security-human-rights\/\",\"name\":\"Analysis-Biden poised to pivot U.S. arms deals toward security, human rights - 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