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United Nations fails to agree landmark arms-trade treaty

“Delegations from around the world failed on Friday to agree a landmark U.N. arms-trade treaty to regulate the more than $60 billion industry, opting for further talks and a possible U.N. General Assembly vote by the end of the year, diplomats said.

More than 170 countries have spent the past month in New York negotiating a treaty, which needed to be adopted by consensus, so any one country effectively could have vetoed a deal. Instead, no decision was taken on a draft treaty.

But this leaves the door open for further talks and a draft arms-trade treaty could be brought to the 193-nation U.N. General Assembly and adopted with a two-thirds majority vote. Diplomats said there could be a vote by the end of the year.

“We feel that we could have agreed (a treaty). It is disappointing that more time is needed. But an arms-trade treaty is coming – not today – but soon. We’ve taken a big step forward,” said a spokesman for Britain’s delegation.”

Via Reuters

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