WTO Countries Notch Global Trade Deal As Summit Closes

Law360, New York (December 6, 2013, 6:44 PM EST) -- World Trade Organization members on Saturday reached a deal on measures meant to cut red tape at borders and boost trade and food security in developing countries, marking the first WTO-wide agreement in the organization’s nearly two decade history.

The WTO said Saturday that top officials gathered in Bali, Indonesia, had reached agreement on a set of trade concessions after several days of “round-the-clock consultations” at the organization’s ninth ministerial conference, which had been scheduled to end on Friday. The deal on the so-called Bali package...
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