Red tape in the crosshairs as EU targets global WTO deal

Development Commissioner Andris Piebalgs and Trade Commissioner Karel De Gucht have joined forces to help secure a WTO Trade Facilitation Agreement as part of global efforts to increase trade's contribution to development, the European Commission announced on the 8 March 2013.

The European Commission is pushing to secure a World Trade Organisation (WTO) agreement that would cut red tape in trade and increase worldwide income by over €30 billion. Two thirds of this would go to developing countries.