Global Trade Pact Nears With India-U.S. Food Compromise
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The first major agreement to update global trade rules in two decades moved nearer after the U.S. and India bridged differences over agriculture subsidies and food security, people familiar with the negotiations said.
World Trade Organization Director-General Roberto Azevedo late yesterday circulated a draft text of an accord for the 159-member group to consider as the talks continued through the night in Bali, Indonesia, said people involved in the discussions who requested anonymity.