11 December 2013

WTO Reaches 159 Nation Trade Agreement

The December 7 World Trade Organization deal will lower costs of exports, simplify custom procedures, and reduce trade tariffs. Volker Treier, head of the Association of German Chambers of Commerce and Industry expects it to boost the German economy by €60 bn a year. David Cameron stated that it could generate at least “extra £30 bn for the British economy and create 100,000 jobs.” 

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