WTO plans to go ahead with reforms despite lack of US support from the Trump Administration

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A global agreement hosted by the World Trade Organisation to boost trade by reducing regulations and streamlining border checks came into force this week, promising a 0.5% lift to the world economy in the next decade even as it is faced with lack of US support.

The agreement will primarily be of help to third world countries, such as Africa, which currently struggles with a record number of border delays and notoriously inefficient bureaucracy. The WTO states the initiative will hopefully enable smaller businesses expand into regional and international value chains.