published by András István Türke on Wed, 24/12/2014 - 00:00
The Arms Trade Treaty (ATT) enter into force today, 24 December 2014. Ninety-one states have ratified, and a further 42 states have signed but not ratified the ATT adopted on 2 April 2013, by the UN General Assembly.
The ATT is an attempt to regulate the international trade of conventional weapons for the purpose of contributing to international and regional peace; reducing human suffering; and promoting co-operation, transparency, and responsible action by and among states.
International weapons commerce has been estimated to reach US$70 billion a year.