The annual Global Economic Forum concluded yesterday, with participating nations announcing a series of landmark trade and cooperation agreements aimed at boosting international commerce.

Key outcomes include a new digital trade framework designed to standardize cross-border e-commerce regulations and a joint initiative on sustainable infrastructure development. Analysts suggest these pacts could increase global GDP growth projections for the coming year by up to 0.5%.

“This is a significant step towards reducing bureaucratic barriers and fostering a more integrated global market,” stated a senior official during the closing press conference.

The forum also saw the establishment of a new task force dedicated to addressing supply chain vulnerabilities exposed in recent years. The next meeting is scheduled to take place in 18 months.