The Economist (December 14, 2013)
2013/ 12/ 16 by jd in Global News
Despite its modest scope, “the first global deal since the World Trade Organisation (WTO) came into existence in 1995” is an achievement. “It includes some useful stuff: by one estimate, cutting customs red tape could raise annual global output by $400 billion, with much of the gain flowing to developing economies.” With fresh approaches, this momentum can be this leveraged to achieve other modest, but noteworthy deals.
Tags: Customs, Deal, Developing economies, Fresh approaches, Global output, Momentum, Red tape, WTO
