CovOps
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| Subject: W.T.O. Reaches First Global Anti-Free Trade Deal Sat Dec 07, 2013 6:40 pm | |
| The World Trade Organization reached its first trade reform deal on Saturday to a roar of approval from nearly 160 ministers on the Indonesian island of Bali who had decided on the agreement, which could add $1 trillion to the global economy. The approval came after Cuba backed off from a threat to veto the package of measures. The talks, which began on Tuesday, nearly derailed when Cuba refused to accept a deal that would not help open the United States embargo of the Caribbean island. That forced negotiations into Saturday morning. Cuba later agreed on a compromise with the United States. But there was skepticism on how much the deal had achieved.
http://www.nytimes.com/2013/12/08/business/international/wto-reaches-first-global-trade-deal.html?_r=0 |
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