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U.N. overwhelmingly approves first-ever global arms trade treaty

Arms Treaty - Reuters

The 193-nation U.N. General Assembly on Tuesday overwhelmingly approved the first-ever treaty on global arms trade that seeks to regulate the $70 billion international trade in conventional arms ranging from light weapons to battle tanks and warships.

 

U.S. Foreign Arms Sales Reach $66.3 Billion in 2011

The huge number, triple that of 2010, was largely driven by sales to Persian Gulf nations looking to shore up their defenses against Iran.

 

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