Update From the UN in New York City: Iran and North Korea just blocked consensus adoption of the arms trade treaty. Syria also objected but did not raise its flag to formally block consensus. The meeting was suspended pending informal consultations
They are still conferring but the most likely outcome in the absence of full consensus today is referral to the General Assembly for a vote next week on the draft treaty which should require no more than a two thirds vote. I would predict that one way or the other this folly is going to be adopted within a week for signature and ratification by the member states.