Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-405-000"
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"en.20120612.19.2-405-000"2
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"Madam President, arms play an important role in safeguarding security and in the defence sector but, at the same time, they can fuel conflicts, violence and instability. This is why I maintain that clear regulations are needed on the arms trade at a global level. I also tabled an amendment in which I emphasised the benefit of having specific provisions on marking arms. I also highlighted the need for additional measures to ensure traceability from the manufacturer to the end user. This features in paragraph 9 of the resolution.
Adopting a multilateral legal instrument will allow higher standards to be applied and ensure greater transparency in this area. However, to ensure that the new treaty achieves its objectives, it must include specific provisions on the accountability mechanisms. I should point out, in this context, the need to focus greater attention on preventing and combating illegal arms trafficking. In 2001, EUR 1 398 billion was spent globally on arms, according to SIPRI, which is equivalent to 2.5% of global GDP. Indeed, a recent report from Oxfam indicates that countries subject to embargoes have managed to procure weapons to the value of USD 2.2 billion in the last 12 years."@en1
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