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Global Business News

The Economic Times News

Global Business / The Economic Times

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WTO chair rules out reform deal at next major meeting, document shows

WTO reform talks are progressing, but a comprehensive deal is unlikely at the March 2026 meeting. The US is frustrated by the consensus rule hindering plurilateral agreements and seeks to reform the Most Favoured Nation principle, facing significant opposition from other members who view MFN as crucial for multilateralism.

17 Dec 2025 5:40 pm