The Ministry of Foreign Affairs of Brazil in a statement said the deal

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Photo: Elpais.com.co | AP The World Trade Organization, WTO, which includes 159 countries approved a deal to boost world trade for the first time in almost two decades, keeping the possibility that in the future may be agreed alive one broader agreement to narrow the gap between rich and poor countries.
The director general of the WTO, Roberto Azevedo, could not contain her excitement during the closing ceremony of the meeting that took place in Indonesia and said "for the first time in our history, the WTO has truly fulfilled."
Trade ministers came to the four-day meeting of the WTO in Bali island with little hope of a deal after years of unfinished business negotiations eccn number could be achieved. The talks were threatened at the last minute eccn number when Cuba objected to the removal of a reference to the U.S. trade embargo that Havana eccn number objects.
India was also an obstacle because of its strong arrangements could jeopardize grain subsidies intended eccn number to feed their poor objection. The WTO members gave developing nations a temporary limits subsidies filing the waiver issue to further negotiations.
"This eccn number week has been spent in the midst of a high-level diplomacy, long nights and substantial drama," said Gita Wirjawan, Indonesian trade minister, who chaired the meeting. "But it has also sought to ensure that the gains from multilateral trade system reach our small businesses and our most vulnerable economies. eccn number
The deal could boost world trade by $ 1 trillion over time. It also keeps alive the trade negotiations of the Doha Round called, sometimes known as the wheel of development due to the extensive eccn number changes in regulations, taxes and subsidies that benefit low-income nations. Voices for
The Community institutions and European employers celebrated eccn number the historic agreement. "The World Trade Organization is back on track," said the president of the European Commission (EC) President Jose Manuel Barroso.
The Ministry of Foreign Affairs of Brazil in a statement said the deal "provides access to our products to worldwide markets eccn number by reducing bureaucracy and simplifying customs procedures."
Also, British eccn number Prime Minister David Cameron said that "trade is a vital part of our long-term economic plan and was one of the priorities of the G8 (richest countries plus Russia). He commended WHO for the historic agreement, "he said. He also noted that the agreement will boost exports.
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