WTO agrees global trade deal worth 1 trillion dollars.

Saturday, 07 December 2013 - 17:47

WTO+agrees+global+trade+deal+worth+1+trillion+dollars.
Ministers from 159 countries have reached a deal intended to boost global trade at a meeting in Bali, Indonesia.

The World Trade Organization's first comprehensive agreement involves an effort to simplify the procedures for doing business across borders.

There will also be improved duty-free access for goods sold by the world's poorest countries.

The deal, which could add about 1 trillion dollars to world trade, gives developing nations more scope to increase farm subsidies.


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