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WTO agrees global trade deal worth $1tn
Source: BBC
7 December 2013 Last updated at 12:04 GMT
WTO agrees global trade deal worth $1tn
By Andrew Walker
BBC Economics correspondent
Ministers from 159 countries have reached a deal intended to boost global trade at a meeting in Bali, Indonesia.
The World Trade Organization's first comprehensive agreement involves an effort to simplify the procedures for doing business across borders.
There will also be improved duty-free access for goods sold by the world's poorest countries.
The deal, which could add about $1tn to world trade, gives developing nations more scope to increase farm subsidies.
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WTO agrees global trade deal worth $1tn
By Andrew Walker
BBC Economics correspondent
Ministers from 159 countries have reached a deal intended to boost global trade at a meeting in Bali, Indonesia.
The World Trade Organization's first comprehensive agreement involves an effort to simplify the procedures for doing business across borders.
There will also be improved duty-free access for goods sold by the world's poorest countries.
The deal, which could add about $1tn to world trade, gives developing nations more scope to increase farm subsidies.
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Read more: http://www.bbc.co.uk/news/business-25274889