FARM BUSINESS NEWS
Mon Dec 9, 2013 06:36 AM CST

NUSA DUA, Indonesia (Dow Jones) -- Members of the World Trade Organization reached a scaled-back deal to liberalize global commerce, keeping alive foundering talks with a pact that will still take months, if not years, to fully take effect.

The modest deal agreed to by the WTO's 159 members Saturday after four days of meetings on the resort island of Bali fell far short of the goal set by negotiators when they launched talks in Doha, Qatar, in 2001.

The WTO's members two years ago agreed to drop the ambitious goal of eliminating or reducing tariffs on a range of ...

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