Five Things To Know About Landmark WTO Agreements At MC12
By Mohammed Kudrati The World Trade Organization (WTO) early on Friday adopted a set of landmark trade deals and consensus on rules as part of its 12th Ministerial Conference (MC12) involving hundreds of trade ministers of various nations. The body is a 164-nation multilateral organization to set the common ground rules for international trade. The deal is significant for two reasons. First, since it is the first major global trade deal since 2017 at the forum, reconciling disparate stances by a cross-section of countries. Second, given that the WTO makes its rules based on consensus and unani...