ICC: WTO agreement lowers the price on ocean freight

The International Chamber of Commerce estimates that freight costs will decrease by 10-15 percent world wide as a result of the new free-trade agreement.

The International Chamber of Commerce, ICC, joins a long list of global companies in praising the new WTO free-trade agreement. And the organization also estimates that the agreement will reduce the cost of shipping world wide by 10-15 percent once the agreement comes into force.

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