The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy The approval came after Cuba dropped a last-gasp threat […] Read more
WTO overcomes last-minute hitch to reach first global trade deal
Historic global trade deal on ice as Cuba holds out
Ministers appeared close to sealing the world’s biggest trade reform for two decades early on Saturday but a last-gasp objection from Cuba forced an overnight halt, leaving the World Trade Organization four votes short of a final victory. Earlier a major obstacle was overcome when India, the most vocal holdout, endorsed a draft text presented […] Read more