The Wassenaar Arrangement is not primarily formed as a nuclear weapon overseer. It is a multilateral export control regime that focuses on the control of conventional arms and dual-use goods and technologies, not nuclear weapons. The arrangement aims to promote transparency and responsibility in the transfer of these items to prevent destabilizing accumulations. There are 42 participating nations in the arrangement, India is the current chairman as of 2023, and India joined the arrangement in 2017.