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World Trade Organization ends meeting in UAE after failing to reach major agreements
Negotiators at a World Trade Organization meeting in the United Arab Emirates ended their summit early after failing to reach agreements on major initiatives, highlighting turmoil within the global body.
The only significant agreement reached was an extension on the pause of taxes on digital media until the next biennial meeting.
The conference also saw continued debate on the China-led Investment Facilitation for Development plan, with South Africa withdrawing opposition and India remaining opposed.
A planned global agreement to better protect fish stocks has failed for the time being. The 164 countries participating in the WTO conference were unable to reach agreement. There were also failures in other areas. [more]