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The global Arms Trade Treaty (ATT), created to rein in the poorly regulated international arms transfers that fuel war crimes and serious human rights abuses, will face its first major test in Mexico this week, Amnesty International said today.
The ATT's first Conference of States Parties, taking place in Cancun from 24-27 August, will be attended by dozens of states, including some that have neither signed nor ratified the treaty since its adoption in 2013. Amnesty International, which campaigned alongside NGO partners for more than two decades to make the ATT a reality, will also attend the meeting.
"Cancun marks the first major test for the Arms Trade Treaty, and states will have an important opportunity to make history by following through on the treaty's lifesaving goals," said Marek Marczynski, Head of Military, Security and Police at Amnesty International.
"We'll be making sure the talks don't get bogged down in bureaucracy or lose sight of the ATT's guiding principles - effective and transparent regulation to end the human suffering caused by irresponsible flows of conventional arms."
Transparency is one of the ATT's main objectives since the global trade in arms has, up until now, been shrouded in secrecy. It is also a key means of demonstrating that States are implementing the treaty, and will help to assess how the ATT is being applied in practice.
During the run-up to the Mexico conference, discussions in preparatory meetings focused on the ongoing participation of civil society groups, as well as how much information on arms imports and exports states should report and make publicly available.
Some states are trying to curb the role of civil society by significantly restricting their participation in future ATT conferences and making an increasing number of key decisions behind closed doors in secret sessions.
Amnesty International is also alarmed that states have attempted to strip their ATT reporting requirements down to a bare minimum. This means that they may only be obliged to report on the financial value of transfers annually, without providing crucial details about the size of the shipment, the number of items and an accounting of each category of small arms and light weapons included.
Details about where the weapons would end up and for what purpose would also be secret, which is crucial information aimed at preventing diversion of arms into illicit markets and to unauthorized end users.
"Shutting civil society out of some of the most important discussions and not making annual reports on arms imports and exports public will mean 'business as usual' - arms transfers will remain shrouded in secrecy, undermining the purpose of the ATT. This must not be allowed to happen," said Marek Marczynski.
"A great deal has been achieved through the work of civil society alongside States to win legally binding, global rules on international arms transfers. We look forward to continue playing a constructive role as we move into the implementation phase. States must adopt comprehensive and transparent reporting requirements that give a full picture of the global trade in arms."
Since the early 1990s Amnesty International has campaigned with NGO partners to achieve robust, legally binding, global rules on international arms transfers to stem the flow of conventional arms and munitions that fuel atrocities and human rights abuses. More than a million people around the world joined the campaign.
On 2 April 2013, a total of 155 states voted in the UN General Assembly to adopt the Arms Trade Treaty. It entered into force as binding international law on 24 December 2014, for all states parties.
Five of the top 10 arms exporters - France, Germany, Italy, Spain and the UK - are among the 72 states around the world to have already ratified the ATT. The USA, by far the largest arms producer and exporter, is among 58 other countries that have signed but not yet ratified the treaty. Other major arms producers like China, Canada and Russia have resisted signing or ratifying the treaty.
The ATT includes a number of robust rules to stop the flow of arms to countries when it is known the arms would be used for genocide, crimes against humanity or war crimes. Governments that are part of the ATT will now have to carry out objective assessments to avoid an overriding risk that an arms export would be used to commit serious violations of international human rights law or international humanitarian law.
International arms transfers are shrouded in secrecy but the value of the global trade is estimated to be approaching US$100 billion annually.
Amnesty International has continued to document and expose irresponsible arms transfers that contribute to or facilitate grave abuses.
This includes weapons and ammunition predominantly manufactured in the Russian Federation/former Soviet Union, Belarus, Ukraine and China transferred to Sudan, and subsequently used by all sides of the conflicts in South Kordofan and Darfur as well as neighbouring South Sudan. In South Kordofan, Amnesty International has recently documented a series of indiscriminate attacks on civilian areas, including hospitals and schools, of a nature and scale that constitute war crimes and possibly crimes against humanity.
In Iraq and Syria, rampant arms proliferation has seen arms transfers being diverted to the armed group calling itself Islamic State and other armed groups. These arms are being used to facilitate summary killings, enforced disappearances, rape and torture, amongst other serious human rights violations. The spread of arms and ammunition - mostly Soviet/Warsaw Pact-era small arms and light weapons, armoured vehicles and artillery dating back to the 1970s and 80s - has caused untold impact on the civilian population, creating large flows of internally displaced peoples and refugees, impeding access to humanitarian assistance and exacerbating gender-based violence.
The full list of states that have signed and ratified the ATT.
Amnesty International is a worldwide movement of people who campaign for internationally recognized human rights for all. Our supporters are outraged by human rights abuses but inspired by hope for a better world - so we work to improve human rights through campaigning and international solidarity. We have more than 2.2 million members and subscribers in more than 150 countries and regions and we coordinate this support to act for justice on a wide range of issues.
"The US regime's secretary of state, driven by ambitions of conquest, presidential aspirations, and the vengeful sentiments of the elitist clique that propelled his political career, now further tightens the economic and energy stranglehold against Cuba," said the island's foreign minister.
Amid mounting global calls for President Donald Trump to end his administration's "economic genocide" in Cuba, US Secretary of State Marco Rubio on Thursday announced sanctions against the state-owned oil and gas company, a move expected to worsen the island's fuel shortage and related humanitarian crisis.
Trump, in recent months, has repeatedly threatened to "take" Cuba and ramped up the 65-year US embargo against the country, including by imposing an oil blockade—disrupting food supplies, healthcare, education, transportation, and more—and issuing a May executive order that Rubio cited in his statement about the sanctions against Union Cuba-Petroleo (CUPET).
Rubio, the son of Cuban immigrants and a longtime advocate of regime change on the island, claimed Thursday "that like every resource on the island, energy has long been weaponized by Cuba's communist government as a tool of both repression and self-serving regime kleptocracy."
"While the Cuban people have suffered fuel shortages and blackouts because of decades of under-investment in critical infrastructure," Rubio continued, "Cuba's communist leaders have diverted energy resources to line their own pockets: reselling countless barrels of scarce energy on the secondary market, hoarding energy supplies for its military, intelligence, and repressive forces, and rationing energy as a tool of social control."
Warning of the new sanctions' likely impact, William LeoGrande, a Cuba expert at American University in the United States, told The Associated Press: "It appears that they're all in on strangling the Cuban economy... Their policy is a contradiction. They claim they don't want to create a humanitarian crisis, although that's exactly what they’re doing."
As some Florida Republicans in Congress celebrated the secretary of state's announcement, Cuban officials fired back, with Bruno Rodríguez, Cuba's foreign affairs minister, taking aim at Rubio in a social media post.
"The US regime's secretary of state, driven by ambitions of conquest, presidential aspirations, and the vengeful sentiments of the elitist clique that propelled his political career, now further tightens the economic and energy stranglehold against Cuba," he wrote in Spanish. "To justify it, he does not resort to excuses prepared by his State Department, but to the usual crude lies, the most aggressive, uncouth, and rabid among Cuba's enemies."
Ernesto Soberón, Cuba's permanent representative to the United Nations, accused Rubio of "peddling crude lies" while the US ambassador to the UN, Mike Waltz, "mindlessly parrots the claim that the blockade does not exist and is, therefore, not primarily responsible for the suffering of the Cuban people."
"The cynicism of top US officials knows no bounds," Soberón said. "Stop the collective punishment of the Cuban people."
This week alone, UN High Commissioner for Human Rights Volker Türk, the International Association of Democratic Lawyers, and thousands of Italian medical professionals have spoken out against the US blockade of Cuba.
“The fuel restrictions imposed since early 2026 and recent tightening of extraterritorial sanctions, taken together, are directly harming Cubans, especially the most vulnerable," said Türk. "Children are dying because doctors lack access to essential medical supplies and medicines. This is unacceptable. These sanctions must be lifted immediately."
The Trump administration's targeting of CUPET came a week after it sanctioned Cuban President Miguel Díaz-Canel, his wife, and three other individuals.
"We just want them to be a nicely run country," Trump told journalists in the Oval Office last week, when asked whether those sanctions were meant to accelerate Cuba's collapse. "The country is starving, and it's got no energy, it's got no oil, it's got no money, it's got nothing. It's got a beautiful piece of land. You could have beautiful resorts."
Trump said that Cuba had already "sort of collapsed" and "we're going to handle that as soon as we've finished" military operations in Iran. He added, "I like to do one thing at a time."
Earlier this week, Elena Gutiérrez, a Mexican American activist at Global Exchange, wrote for Foreign Policy In Focus about returning from three trips to the island this year "with my heart a little more broken, but also with a stronger conviction that we need to defend Cuba."
"But can US citizens truly stop the madness their own empire imposes on them and on the rest of the world? Let us hope so, because only the people of the United States—and no one else—can carry out the transformations their own country needs," according to Gutiérrez. "Only then will Cuba, the United States, Mexico, and the rest of the world be free."
"For light at the end of the tunnel, you’d have to look to the 2030s," says the World Bank's chief economist.
The World Bank on Thursday lowered its global growth forecast for the remainder of 2026 as the illegal US-Israeli war of choice on Iran drives up energy prices, inflation, and the cost of debt.
"The global economy is facing another major shock," the World Bank's latest biannual Global Economic Prospects report states. "The conflict in the Middle East has triggered sharp increases in energy prices, renewed inflationary pressures, and fueled expectations of tighter monetary policy."
"Global growth is projected to slow to 2.5% in 2026, from 2.9% in 2025—the lowest rate since the Covid-19 pandemic—amid weaker prospects for economies dependent on energy imports and those directly affected by hostilities," the report continues. "Activity is expected to firm in 2027-28 as energy supplies recover, monetary easing resumes, and trade strengthens."
The Iran War has resulted in the closure of the Strait of Hormuz, through which around 30% of the world’s fertilizer and 20% of its oil previously passed. In addition to increasing the risk of a global food crisis, the strait’s closure has sent fuel and fertilizer prices soaring, with US farm diesel costing nearly 50% more than it did on the war’s eve in February and various fertilizer products spiking by between one-quarter and one-half.
The war has affected the economies of countries far removed from Iran, as the World Bank reports forecasts that "growth in emerging market and developing economies (EMDEs) is expected to slow to 3.6% this year."
"The level of per capita income across EMDEs excluding China and India, relative to advanced economies, is not expected to return to the pre-pandemic level until after 2028, implying nearly a decade of lost income convergence," the international financial institution predicted.
World Bank Group president Ajay Banga said in a statement Thursday that "developing countries have faced a series of challenges over the last decade."
“The impact differs by country, but the basic test is the same: Protect people and preserve stability today, without giving up on growth and jobs tomorrow," Banga added. "In response to the current shock, we are providing liquidity where it is needed now—and we are ready with additional financing, guarantees, and private-sector solutions if pressures deepen. Our job is to help countries steady the ship, keep reforms moving, and emerge stronger on the other side.”
The bank said in April that up to $100 billion would be made available over the next 15 months for nations suffering the most acute economic shocks caused by the war.
As US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu allegedly undermine efforts to end the war, the World Bank cautions that the global economic outlook "remains skewed to the downside."
“A renewed escalation of hostilities or more prolonged disruptions to commodity flows could further raise commodity prices, intensify inflationary pressures and food insecurity, trigger financial stress, and lower growth,” the bank's report warns.
In his foreword to the new Global Economic Prospects report, World Bank Group chief economist Indermit Gill warned that "barring a miracle, the 2020s will prove to be what their ominous opening foreshadowed: a lost decade—not just for a couple of outliers, but for dozens of developing economies.'"
"Amid one of the densest clusters of global shocks since the 1970s, nearly 1 out of every 2 developing economies has failed since 2019 to advance on the most rudimentary promise of development: narrowing the income gap with the world’s most prosperous economies," Gill added. "For light at the end of the tunnel, you’d have to look to the 2030s."
"The result," said the author of a new Public Citizen analysis, "is a self-reinforcing loop where corporate cash buys policy, and policy pays cash back."
Eighty-eight corporations that paid no federal income tax last year spent roughly $852 million on US campaign contributions and lobbying during recent election cycles, a report published Thursday revealed.
The report, "The Current Price of Zero," was authored by Eileen O'Grady, a researcher at Public Citizen's Congress Watch division. The publication draws upon an analysis published in April by the Institute on Taxation and Economic Policy (ITEP) showing that at least 88 of the nation’s largest companies paid no federal corporate income tax in fiscal year 2025, despite reporting combined US pretax income of around $105 billion.
"Using data from OpenSecrets, which compiles and publishes campaign finance and lobbying data, we found that from the 2020 election cycle through the 2024 cycle, these 88 companies have spent nearly $852 million on lobbying and campaign contributions," O'Grady wrote. "We highlight the companies that spent the most money on lobbying, hired the most lobbyists, lobbied specifically on tax issues, and contributed the most cash to political campaigns."
The federal corporate income tax rate is 21%, indicating that the 88 companies in the report dodged a combined $22.1 billion in taxes last year. Additionally, they received $4.7 billion in tax rebates, bringing their total tax breaks to approximately $26.7 billion.
“The largest and richest corporations in the country are paying zero in federal income tax, and that is a slap in the face to the American taxpayers who are struggling to afford necessities like groceries and healthcare,” O’Grady said in a statement.
"Meanwhile, these companies are spending money that could have gone to the public good on lobbying for even more special advantages and tax breaks," she added. "In this backwards, cash-fueled system, the deck is being stacked ever higher in favor of corporations, and against working people.”
The report's key findings include:
The report singles out two related pieces of legislation—President Donald Trump's 2017 Tax Cuts and Jobs Act, and the so-called One Big Beautiful Bill Act (OBBBA), signed into law by Trump last July 4—which enabled "several common strategies the companies used to get tax breaks and rebates."
"The most commonly used corporate tax giveaway, accelerated depreciation, enabled more than half of the companies to collectively avoid $11.4 billion in taxes by allowing them to write off capital investments immediately," O'Grady noted.
"In addition, a tax break supercharged under the Big Ugly Law allowed more than 30 companies to immediately write off research and development expenses, which alone netted them at least $4.4 billion in savings," she added, using a common liberal epithet for the OBBBA.
Since the US Supreme Court's 2010 Citizens United v. Federal Election Commission ruling—which affirmed that political spending by corporations, nonprofit organizations, labor unions, and other groups is a form of free speech protected by the First Amendment—nearly $20 billion has been spent on US presidential elections and more than $53 billion on congressional races, according to data compiled by OpenSecrets. Spending on 2024 congressional races was double 2010 levels, while presidential campaign contributions were more than 50% higher in 2024 than in 2008, the last election before Citizens United.
Ultrawealthy and corporate megadonors played a critical role in Trump’s 2024 victory. Fossil fuel interests spent more than $445 million during the 2024 election cycle on campaign donations, lobbying, and other efforts to elect Trump and his Republican allies, plus pass policies that benefit their climate-wrecking businesses. Artificial intelligence and cryptocurrency are fast emerging as some of the most prolific lobbyists. Trump and Republicans in Congress have promoted policies and legislation boosting these sectors and shielding them from government regulation.
Elon Musk—the CEO of Tesla and SpaceX and majority owner of X who could soon become the world's first trillionaire—is the most prominent of the numerous Trump donors who have been rewarded with Cabinet nominations and other key appointments in “an administration dominated by billionaires and corporate interests,” as Americans for Tax Fairness executive director David Kass described it.
O'Grady wrote that "corporate tax dodgers spend lavishly on lobbying and campaign contributions that feed into more tax breaks, which in turn fund even more political spending on policies that serve to pad corporate profits—and the cycle continues."
To remedy this, the report asserts: "It is imperative that Congress undo the Republican tax giveaways to corporations like bonus depreciation and research and development write-offs. In addition, the corporate rate must be increased to at least the 35% rate that stood before the 2017 law."
"Corporations should not be able to deduct multimillion-dollar bonuses. And Congress must prevent multinational corporations from avoiding taxes by booking profits in offshore subsidiaries by equalizing the domestic and international tax rates," the publication concludes. "With these and other reforms to our tax code, our nation could have more than enough revenue to breinvest in American communities and make life more affordable for everyone. It’s time to finally put people over corporate profits."