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Doha Economists Say Red Tape at Port Costlier than Shipping

The World Trade Organization reports that at a workshop on “recent analyses of the Doha Round,” economists stated that a Doha Round package on market access in all goods, and on agricultural subsidies, could add $121 billion to $202 billion…

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to the world economy, and a “trade facilitation” deal could cut trade costs by more than the “impact of geographical distance” between countries, among other things.