The treaty is the first major international treaty to cut down the illegal trade of weapons responsible for fueling the terrorists.
The U.S. Secretary of State John Kerry announced the good news of United States signing the treaty soon. Though the participation of United States holds tremendous significance, the chances of success mostly rely on the support received from major arms importers & exporters. In spite of the good news that the treaty is signed by over 60 countries and was overwhelmingly approved at the U.N. general assembly held on April 2, major arms exporters including the likes of BRICS countries such as, Russia, India, China have abstained from signing the agreement. Other key exporters such as the Saudi Arab, Indonesia, and Egypt have also refrained from signing the treaty. There’s also no clear indication or likelihood of these countries signing the treaty anytime soon.