Donald Trump considers withdrawing the US from the International Arms Trade Treaty | Finance and Markets

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The US President Donald Trump considers withdrawing the United States from the International Arms Trade Treaty. The agreement, signed by Barack Obama in 2013, aims to regulate the sale of weapons between countries.

The US National Rifle Association says the treaty amounts to international gun control and is a threat to America’s second amendment right to bear arms. Speaking at the lobbying group’s annual meeting, Donald Trump said he would ask the US Senate not to ratify the pact.

“We’re taking our signature back. I will sign a message in which I will ask the Senate to end the ratification process of the treaty”, said Donald Trump.

In the last days of his rule, Obama had sent the Senate ratification treaty, but it did not come to her.

Earlier, unnamed US officials announced such intention by the US President. Reuters reminded then that the National Rifle Association – an influential armed lobby – has long opposed the agreement that was agreed at the UN.

Now, in front of the delegates at the Indianapolis forum, Trump has defined the international treaty as “misguided” and said he violated the constitutional rights of Americans.

When the news was announced, delegates at the forum applauded Trump. Many of them were wearing red hats with Trump’s pre-election slogan “Make America Great Again”.

The International Arms Trade Treaty regulates conventional 70 billion USD arms business and aims to keep weapons out of the hands of human rights abusers. The National Rifle Association, however, argued that the treaty undermined the US’s domestic arms rights. This view was rejected by the Obama administration.

Trump said today that the UN will soon receive a formal announcement of his decision.

In April 2013, the UN General Assembly approved the treaty and then the US, the number one exporter in the world of weapons, voted in favor of it, despite the fierce resistance of the arms lobby.

The pact has been signed and ratified by 101 countries so far – including Germany, France, and the UK. The US is among another 29 nations that signed the treaty but have not ratified it to make it law.

The White House claims some groups try to use the treaty to overturn “sovereign national decisions” on arms sales, specifically pointing to attempts to block the UK’s sale of weapons to Saudi Arabia.

The sale of arms to Saudi Arabia by western countries has been highly contentious because of the use of those weapons in air strikes in Yemen, that have killed and injured thousands of civilians.