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WTO Sees Global Trade Pact within Two Weeks

Posted November 14, 2014

Under Economic Issues, International Trade Issues

(Reuters)

The World Trade Organization said on Friday there was a “high probability” that a major deal on streamlining global customs rules will be implemented within two weeks after India and the United States overcame a key impasse.

“I would say that we have a high probability that the Bali package will be implemented very shortly,” WTO Director-General Roberto Azevedo said, referring to the Trade Facilitation Agreement agreed on the Indonesian island.

“I’m hopeful that we can do it in a very short period of time, certainly within the next two weeks,” Azevedo, speaking ahead of a Group of 20 Leaders Summit in Brisbane, said. Read more here.