After five days of intense discussions, the 162 WTO member countries reached a breakthrough agreement for the world trade system.
The new Nairobi Declaration includes the elimination of agricultural export subsidies and further tariff reduction for information and technology products.
WTO Director-General Roberto Azevedo hails the historic result of the conference.
"The decision you have taken today on export competition is truly historic. It is WTO's most significant outcome in agriculture. The elimination of agriculture subsidies, export subsidies are spectacularly significant."
According to the declaration, developed nations will eli
