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WTO Deal Buys Trade Talks Time to Craft Broader Deal

The Obama administration lauded an agreement on trade rules struck by the World Trade Organization, while analysts said the deal may do more to salvage broader WTO talks than solve food shortages and help global commerce.

The draft deal unveiled yesterday in Bali, Indonesia, was the first multilateral agreement negotiated by the WTO’s 159 member nations. It emerged after the U.S. and India compromised on food subsidies and a Latin American bloc led by Cuba dropped its opposition to an agreement.