NEWS
Ag Policy Blog
Chris Clayton DTN Ag Policy Editor
Sun Dec 8, 2013 12:24 PM CST

President Barack Obama announced his support Sunday for a new World Trade Organization agreement reached Saturday in Bali, Indonesia.

"This new deal, and particularly the new trade facilitation agreement, will eliminate red tape and bureaucratic delay for goods shipped around the globe," the White House stated. "Small businesses will be among the biggest winners, since they encounter the greatest difficulties in navigating the current system. By some estimates, the global economic value of the new WTO deal could be worth hundreds of billions of dollars."

The U.S. Trade Representative's Office stated the deal would be positive for American agriculture and ...

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