DHAKA: The agreement hashed out by World Trade Organization members will help fuel the global economy.

European Commission president Jose Manuel Barroso predicted on Saturday, reports The Voice of Russia.

‘This will give a real boost,’ he said in a statement.

‘Potential gains for the global economy could be as high as 1 trillion dollars. .... The agreement will bring vital help to the poorest people across the globe in the least developed countries.’

‘The WTO is back on track and delivering reform,’ he added.

The European Union will provide 400 million euros (548 million dollars) over five years to help developing countries implement the deal, with EU Trade Commissioner Karel De Gucht arguing that the investment will lead to ‘considerable’ returns when it comes to growth, jobs and development.

BDST: 1902 HRS, DEC 07, 2013