NAEDA Newsletter
Sunday, May 01, 2016 Helping Dealers Succeed!
return to newsletter

WTO closes $1T trade deal in Bali

Posted: 12/9/2013 | Views: 532

The World Trade Organization on Saturday reached a deal on customs issues that officials say could boost global economic output by as much as $1 trillion, but only after a negotiating session that went into overtime.

After resolving a deadlock over India’s food security plans that threatened to derail the pact, negotiators then confronted a block by Cuba and some of its allies in Latin America who said they objected to the pact because it does not ease the long-time U.S. economic embargo on the Communist-run island. Cuba and the other countries dropped their resistance after meeting with U.S. Trade Representative Michael Froman, according to diplomatic sources.

Discussions ran a day past when they were to end and kept many trade officials from boarding their scheduled flights for yet another trade negotiation meeting — the next round of Trans-Pacific Partnership talks, in Singapore.

Read more.

Source: Politico

return to newsletter


Leave a Comment
Email: (not displayed)

Enter the code shown above:


Subscribe to the NAEDA Update Newsletter 

© 2014 The North American Equipment Dealers Association. NAEDA Update is provided as a service to members of the North American Equipment Dealers Association. This information may not be reprinted without permission from NAEDA.

To subscribe to NAEDA Update by e-mail, send your request to or subscribe online at
To unsubscribe, click here or send your request to and type "REMOVE" in the subject line.