Iranian President Mahmoud Ahmadinejad says the Islamic Republic supports the United Nations’ Arms Trade Treaty to regulate the global trade of conventional arms

Iranian President Mahmoud Ahmadinejad says the Islamic Republic supports the United Nations’ Arms Trade Treaty to regulate the global trade of conventional arms.

Ahmadinejad made the remarks in a telephone conversation with UN Secretary-General Ban Ki-Moon on Wednesday. “Iran has been a victim of terrorism and fully supports the treaty,” the Iranian president stated.

“Controlling transportation of arms in the world can help the international security a lot,” he said, adding that measures could be taken to further improve a draft, being prepared by UN members in New York.

The draft text was circulated to the states participating in a conference that began in New York City on March 22.

The treaty drafting conference will continue at UN's headquarters through Thursday in an attempt to regulate the $70 billion global conventional arms trade.

The treaty would impose tough new standards for all cross-border transfers of any type of conventional weapons.