World Trade Chiefs Pull Talks From Brink With E-Commerce Deal

(Bloomberg) — The World Trade Organization agreed to extend a moratorium on e-commerce tariffs for two years after marathon negotiations in Abu Dhabi, while failing to secure deals on other contentious trade issues including a crackdown on agriculture and fisheries subsidies.

Speaking at the closing session, Director-General Ngozi Okonjo-Iweala called the WTO a “source of resilience” in a world shaken by geopolitical turmoil. She encouraged negotiators to continue discussions on their unfinished business.