World trade deal welcomed

After five long days of negotiation, trade talks on Sunday (2 August) came to an end with an agreement on further liberalisation of world trade.

Representatives from the 147 countries of the World Trade Organisation (WTO), approved a framework agreement which sets the target of eliminating or reducing subsidies.

The main focus of the agreement is the cutting of agricultural subsidies and other aid to farmers from rich countries in return for developing countries opening markets fo...