UN member states fail to reach agreement on treaty to regulate global arms trade

U.N. member states have failed to reach agreement on a new treaty to regulate the multibillion dollar global arms trade.

Some diplomats and treaty supporters blamed the United States for triggering the unraveling of the month-long negotiating conference.

Hopes had been raised that agreement could be reached on a revised treaty text that closed some key loopholes by Friday's deadline for action. But the United States announced Friday morning that it needed more time to consider the proposed treaty ? and Russia and China then also asked for more time.

Source: http://news.yahoo.com/un-member-states-fail-reach-agreement-treaty-regulate-225940528.html

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