UNITED NATIONS â€“ Supporters of a U.N. treaty designed to regulate the multibillion-dollar global arms trade were optimistic that a final draft circulated a day before Thursday’s deadline will reach consensus.
Negotiators reconvened last week in a final attempt to reach a deal on the Arms Trade Treaty, which would require all countries to establish national regulations to control the transfer of conventional arms and to regulate arms brokers.
U.N. diplomats, speaking on condition of anonymity because negotiations have been private, said Wednesday the United States was virtually certain to go along with the latest text.
Hopes of reaching agreement on what would be a landmark treaty were dashed last July when the U.S. said it needed more time to consider the proposed accord â€” a move quickly backed by Russia and China. In December, the U.N. General Assembly decided to hold a final conference and set Thursday as the deadline for reaching agreement.
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