Oxfam international recently released a report into how the global arms trade is fuelling conflicts around the world. It isn't necessarily the weapons that do the damage, but the ammunition.

Director of Oxfam Barbara Stocking puts it "if you're not convinced about the devastating power a shipment of ammunition can have, think of Monrovia, the capital of Liberia, during the civil war in 2003... In late June 2003, forces ran out of bullets and had to retreat. But once a new shipment arrived, they attacked again, ferociously, killing many innocent people."

With 33 million bullets produced every day, which equates to around 14 billion a year. Conflict regions around the world are awash with cheap ammo, a bullet in Somalia will cost you $1.50, a bullet in Baghdad will only cost you $0.30. As the report states:

"The average cost of an AK-47 bullet on the black market is US 30 cents. As most gun violence victims are killed by between four and 12 bullets, on average the price of taking away a human life in Baghdad is currently US $2.40."

If you want to put that into context the average cow in the European Union receives around $2.20 in subsidies every day, and there are 3 billion people around the world who live on less than $2 a day.

This is the cost of a human life.