UN fails to reach deal on global arms trade treatySubmitted by fireant on Fri, 07/27/2012 - 20:22
"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."