Friday, July 6, 2012

UN leader condemns lack of regulation for arms trade


UN leader Ban Ki-moon said Tuesday it was a "disgrace" that there is no global arms trade regulation as he opened treaty talks held up by Palestinian demands for a place in the negotiations.
The 193 UN members have until July 27 to hammer out a deal for a treaty on dealing in conventional weapons, which experts estimate to be worth more than $70 billion a year.
"Poorly regulated international arms transfers are fueling civil conflicts, destabilizing regions and empowering terrorists and criminal networks," Ban told the meeting, which started a day late because of the Palestinian dispute.
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