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In Davos, nations vow to extend global trade deal

January 26, 2014 • Business


Director-General of the WTO Roberto Azevedo, speaks during a press conference at the World Economic Forum in Davos, Switzerland, Saturday, Jan. 25, 2014. (AP Photo/Michel Euler)

DAVOS, Switzerland (AP) — Trade ministers from many of the world’s biggest economies pledged to broaden a deal to boost global trade Saturday, with the U.S. saying nothing is off-limits for discussion.

At a Swiss-hosted meeting on the sidelines of the World Economic Forum, ministers from China, the European Union, Japan, the U.S. and 15 other nations agreed to build on the “positive momentum” of a World Trade Organization summit last December in Bali where the organization’s 159 member economies agreed to cut customs red tape.

The ministers agreed to address the most difficult remaining negotiating topics of agriculture, market access and services that eluded an agreement last Login to read more

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