Skip to Content Facebook Feature Image

China firmly supports ATT to improve global governance of arms trade: ambassador

China

China

China

China firmly supports ATT to improve global governance of arms trade: ambassador

2024-08-20 14:35 Last Updated At:16:57

China has firmly supported the Arms Trade Treaty (ATT) in its work with other States Parties to regulate the trade in conventional arms and improve global governance of the arms trade, said Shen Jian, Chinese Ambassador for Disarmament Affairs, on Monday in Geneva.

In the general debate speech at the 10th Conference of States Parties (CSP10) to the ATT, Shen pointed out that as the only legally binding instrument within the UN framework regulating global conventional arms trade, the ATT plays a special role in maintaining world peace and stability and promoting global security governance.

China's formal accession to the treaty in 2020 fully demonstrates its sincerity and determination in upholding the global governance system, supporting multilateralism, and promoting the building of a community with a shared future for mankind, he said.

Shen emphasized that China has always been a firm supporter, faithful doer, and active contributor to the treaty on global governance of the arms trade. On issues related to the arms trade, China consistently adopts a cautious and responsible attitude, establishing a comprehensive system of policies and regulations for military exports and strictly adhering to the three principles of export of military products, the ambassador said, adding that China opposes adding fuel to the fire in regional conflicts, as well as politicizing or instrumentalizing the arms trade or the treaty itself.

China is willing to work hand in hand with the international community to continuously enhance the authority and vitality of the treaty, making new contributions to achieving global common security and lasting peace, he said.

The Arms Trade Treaty was adopted by the UN General Assembly on April 2, 2013 and entered into force on Dec. 24, 2014. As of now, the treaty has a total of 115 States Parties.

China firmly supports ATT to improve global governance of arms trade: ambassador

China firmly supports ATT to improve global governance of arms trade: ambassador

China firmly supports ATT to improve global governance of arms trade: ambassador

China firmly supports ATT to improve global governance of arms trade: ambassador

Next Article

ECB cuts interest rates by 25 basis points

2025-03-07 03:04 Last Updated At:03:17

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points

ECB cuts interest rates by 25 basis points

Recommended Articles