United Nations fails to agree landmark arms-trade treaty

http://www.reuters.com/article/2012/07/27/us-arms-treaty-idUSBRE86Q1MW20120727

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.