It's essentially fair, except with or without the Arms Trade Treaty, the issue of diversions and the issues surrounding the problems of monitoring and enforcing diversions in export controls still exist. They don't go away. All the ATT does in this context is codify a set—relatively ambiguous—of what the group of sovereign states can agree to. It in turn reflects their national interests, which in turn reflects their national policies on export controls.
With or without the ATT, the diversion issue remains in place. The ATT will not have any significant effect on these issues or how states deal with them. It's a lesson like Canada's lesson with Turkey over the drone issue and Canadian surveillance and technology. That's the lesson. It's those types of lessons that each state learns and then tries to manage and deal with down the road.