A ministerial conference of the World Trade Organization has reached an agreement on some points for global trade liberalization.
Ministers from 159 member nations and territories closed their meeting on Bali, Indonesia on Saturday after unanimously adopting a declaration. The session was extended by one day.The agreement came after wording for the declaration was modified in response to requests by some countries including Cuba.
The declaration says WTO members reached agreement in 3 areas -- agriculture, development and simplifying customs procedures.
Japan's Senior Vice Trade Minister, Midori Matsushima, said the WTO director-general and others managed to salvage the talks when they seemed on the verge of breaking down on the last day. She said the agreement is favorable for Japan.
Source: NHK
The declaration says WTO members reached agreement in 3 areas -- agriculture, development and simplifying customs procedures.
Japan's Senior Vice Trade Minister, Midori Matsushima, said the WTO director-general and others managed to salvage the talks when they seemed on the verge of breaking down on the last day. She said the agreement is favorable for Japan.
Source: NHK
