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Its task is to monitor the government's licensing of arms exports.
He also defended the British government's licensing of arms sales to Saudi Arabia, saying: "You are being naive if you think Britain cannot sell weapons systems to allies.
The committee, which has taken months to be established since the general election, has a specific remit: to examine the government's expenditure, administration and policy on strategic exports, specifically the licensing of arms exports and other controlled goods.
The Observer has learned that the high court will determine next month whether a legal challenge brought by CAAT against the UK's licensing of arms to Saudi Arabia is lawful.
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The licensing of strategic arms exports is particular case in point: in any number of cases, including Libya and Egypt, British foreign policy is delivering development and governance assistance on the one hand whilst supplying arms on the other".
Israel The UK licensed £82m of arms to Israel while David Cameron was in office.
According to research conducted by Campaign Against Arms Trade, the UK has licensed £4bn of arms sales to Saudi Arabia since the Conservatives came to power in 2010.
Bahrain Since the Arab spring, the UK has licensed £50m of arms, including hundreds of machine guns and thousands of assault rifles.
The UK government has licensed £6.7bn of arms to Saudi Arabia since David Cameron took office in 2010, including £2.8bn since the bombing of Yemen began in March 2015.
The UK has licensed £4bn of arms sales to the Saudis since the Conservatives came to power in 2010, according to research by Campaign Against Arms Trade.
But there are growing applications in other areas, such as automobiles and also networking, as, for example, the recent licensing of the ARM 10 to Lucent," says Goldman Sachs analyst Elliott.
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