BREAKING NEWS

Arms trade treaty negotiations begin, Syria casts shadow

By REUTERS

JULY 2, 2012 08:19

UNITED NATIONS - Delegates from around the world gather in New York on Monday for the start of month-long UN-hosted negotiations to hammer out the first-ever binding treaty to regulate the global weapons market, valued at more than $60 billion a year.

Arms control campaigners say one person every minute dies as a result of armed violence around the world and that a convention is needed to prevent illicitly traded guns from pouring into conflict zones and fueling wars and atrocities.

Most UN member states favor a strong treaty.

If they get their way, all signatories would be charged with enforcing compliance to any treaty by companies that produce arms and with taking steps to prevent rogue dealers from operating within their borders.

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