WTO clears historic deal

December 07, 2013 17:16

Overcoming a string of failures over the years, the WTO today reached a landmark agreement that can help boost global trade by US$ 1 trillion, while taking on board concerns of countries like India to protect its food security scheme to provide subsidised grains to the poor.

In the first-ever agreement reached after the launch of the Doha Round of trade talks, ministers from 159 countries approved the Bali package early today morning.

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