First global trade deal in 20 years to boost world commerce 'favours big business at the expense of developing countries' The World Trade Organisation has sealed its first global trade deal after almost 160 ministers who had gathered on the Indonesian island of Bali agreed to reforms to boost world commerce.
Developing countries including India win concessions but critics say World Trade Organisation is no forum for helping the poor. The first global trade deal since the creation of the World Trade Organisation (WTO) nearly two decades ago was condemned by anti-poverty groups on Friday as a boost for big business at the expense of developing nations.
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