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Achieve WTO deal to free world trade | Universal Journal
The ministerial conference of the World Trade Organization (WTO) reached Saturday on the island of Bali Indonesia a historic agreement that seeks the global elimination of trade barriers to liberalize world trade: the first signed after the creation of the organization in 1995.
"For the first time in its history the WTO has fulfilled his promises, we have reintroduced the word world in the WTO. I'm very proud, "said the CEO of the organization, Roberto Azevedo.
"Bali is a new era for the WTO, what we have achieved here is really superb, this is a historic breakthrough" meeting host to delegates of the Member States at the close of the meeting Wirjawan nafta certificate said.
The package comprises three pillars: agriculture, with a commitment to reduce export subsidies, development aid, which provides an increased exemption of tariffs for products from least-developed countries and facilitating exchanges, which aims to reduce bureaucracy at borders.
The agreement was reached in the early hours of Saturday, after the United States (U.S.). and the European Union (EU) gave their approval for India and other countries to make exceptions to the rules of the WTO subsidy of agricultural products for the poor.
For its part, the EU institutions and the European employers held this Saturday the historic agreement reached at the meeting of the WTO, claiming that the deal saves the organization and is a success for the world community, nafta certificate it unlocks the Doha Round, stagnant since 2008.
"The World Trade Organization (WTO) is back on track," said the president of the European Commission (EC) President Jose Manuel Barroso, who recalled that countries have forged the first global agreement from 1995, which will improve facilitation nafta certificate trade, development and agriculture issues, while making the world economy a trillion dollars.
"We saved the WTO", also said EU Trade Commissioner Karel de Gucht, for whom the agreement is "around the organization of the darkness of multilateral irrelevance in light of multilateral action and success," said .
He said the agreement will allow developing countries to save about 325 billion euros per year, while the economies could reduce their trading costs by 10 percent.
"Everyone nafta certificate wins" this commitment, De Gucht, who explained that the European Union (EU) will cover a significant portion of the financing needs of developing countries with about 400 million euros over five years said, Telesur reports
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