CURRENT AFFAIRS

Detailed explanation-1: -Adoption of the Treaty China and Russia, among the world’s leaders in weapon exports, were among the 23 nations that abstained. Cuba, India, Indonesia, Myanmar, Nicaragua, Saudi Arabia, and Sudan also abstained. Armenia, Dominican Republic, Venezuela, and Vietnam did not vote.

Detailed explanation-2: -The Arms Trade Treaty (ATT) is an international treaty that regulates the international trade in conventional arms and seeks to prevent and eradicate illicit trade and diversion of conventional arms by establishing international standards governing arms transfers. The Treaty came into force on 24 December 2014.

Detailed explanation-3: -India has not signed the treaty as it believes the ATT does not sufficiently provide for the rights of a state to import arms for national security. The objective of this treaty is to establish common international standards for regulating international trade in conventional arms.