WTO clinches 1st global trade deal


The World Trade Organization has adopted the first worldwide trade reform in its history, after years of stalemate, months of deadlock. The agreement means the WTO will introduce new standards for customs checks and border procedures. Proponents say streamlining the flow of trade will add as much as $1 trillion and 21 million jobs to the world economy. The WTO is the only international body dealing with the rules of trade between nations.

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