Amid all the gloom over the world econ-omy, trade policy may offer a glimmer of good news. To little fanfare, the World Trade Organisation (wto) on September 15th agreed on the terms of China's entry-after 15 years of negotiations. A few days later, the terms for Taiwanese accession were also settled, wto ministers need to rubber-stamp the package. But with luck, the world's most populous country—and ninth-biggest exporter—really should be a wto member early next year.
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