RealNews

WTO Approves Libya As a Candidate

In its latest success in moving from pariah state to international respectability, oil-rich Libya on Tuesday was accepted as a candidate for membership in the World Trade Organization. WTO members agreed unanimously to allow Libya to start negotiations to join the body that sets global rules on international trade. The process likely will take several years. Libya first applied for membership in December 2001, but the issue has never been formally put to the WTO before because it was clear that the United States would oppose the request. Under WTO rules, all decisions are made by consensus.Full Story

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