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Cuba drops veto at WTO meet, enabling global trade deal: sources
Source: Reuters
Cuba drops veto at WTO meet, enabling global trade deal: sources
NUSA DUA, Indonesia Fri Dec 6, 2013 9:50pm EST
(Reuters) - The World Trade Organization cleared the way for its first ever worldwide trade reform on Saturday after Cuba dropped a threat to veto the package of measures, sources involved in the talks said.
Cuba had raised a last-gasp objection to the deal, which some estimates say could be worth $1 trillion to the world economy, forcing an overnight halt to talks.
But Cuba later reached an agreement on compromise language with the United States, and a deal was expected to be announced imminently, sources said.
Cuba had earlier refused to accept a deal that would not help pry open the U.S. embargo of the Caribbean island.
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NUSA DUA, Indonesia Fri Dec 6, 2013 9:50pm EST
(Reuters) - The World Trade Organization cleared the way for its first ever worldwide trade reform on Saturday after Cuba dropped a threat to veto the package of measures, sources involved in the talks said.
Cuba had raised a last-gasp objection to the deal, which some estimates say could be worth $1 trillion to the world economy, forcing an overnight halt to talks.
But Cuba later reached an agreement on compromise language with the United States, and a deal was expected to be announced imminently, sources said.
Cuba had earlier refused to accept a deal that would not help pry open the U.S. embargo of the Caribbean island.
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Read more: http://www.reuters.com/article/2013/12/07/us-trade-wto-idUSBRE9B505220131207