Mexico criticized Saturday the failure of UN member states to clinch an international treaty regulating the multibillion-dollar arms trade, saying a minority of countries blocked it.
In a statement, the Mexican foreign ministry highlighted a requirement that a consensus of the 193 members of the United Nations agree to the text.
For more on this story, visit: Mexico criticizes failure on arms trade treaty | NTN24 NEWS.
UNITED NATIONS, July 27 (Reuters) – 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.
For more on this story, visit: U.N. Arms Trade Treaty Negotiations Fail.