Over 60 countries sign Arms Trade Treaty

More than 60 countries signed the landmark treaty regulating the multibillion-dollar global arms trade Monday and the United States announced it will sign soon, giving a strong kickoff to the first major international campaign to stem the illicit trade in weapons that fuel conflicts and extremists.

While the treaty was overwhelmingly approved on April 2 by the UN General Assembly, key arms exporters including Russia and China and major importers including India and Egypt abstained and have given no indication yet that they will sign it. (AP)