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WTO Reaches First Ever Global Trade Deal

Delegates to the World Trade Organization meeting in Bali, Indonesia have approved a global trade deal for the first time since the organization was founded in 1995. WTO director-general Roberto Azevedo shed tears during the summit's closing ceremony Saturday, saying, "for the first time in history, the WTO has finally delivered." The centerpiece of the agreement eases barriers to trade by simplifying customs procedures and making them more transparent. The deal still...

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