Wto Bali Agreement 2013

By April 16, 2021 Uncategorized No Comments

An important first step in the transposition was set for 31 WTO members would then begin to consider a post-Bali agenda, which would include the development of a work programme by the end of 2014 for the conclusion of the Doha Round. International Trade Centre (2013), LDC Services Exports, Trends and Success Stories, Technical Paper (Geneva: ITC) An agreement on trade facilitation will bring the greatest economic benefit to all WTO members. According to one report, the benefits of an ambitious trade facilitation outcome could increase the world`s gross domestic product (GDP) by nearly $1 trillion per year, with most of the benefits borne by developing countries. [3] Such an agreement would improve efficiency and reduce the costs of customs transport by taking measures such as digitizing customs procedures and greater transparency. It is likely that there will be success in this area, because, in addition to the economic benefits, there are no significant national losers in trade facilitation, which should facilitate the management of domestic policy for each country. Nevertheless, some countries still insist on being “paid” to facilitate trade. And special and differentiated treatment must be extended to developing countries to allay fears that they lack the technical capacity to implement customs reforms. 15 See Part III, paragraph 1.11, of the Bali Ministerial Declaration (WTO, 2013a). Since the beginning of 2013, a group of developing countries, collectively organized as a group of 33 (G33) and led by India in this particular case, has encouraged the idea of excluding from the amber box the expenditure used to purchase goods at prices above market prices and then stored for national food security programmes.

On 22 November 2012, the G33 presented this idea as a formal proposal to the WTO. 1In December 2013, after five days of intense negotiations, often too shortly before the referral, World Trade Organization (WTO) trade ministers finally agreed on a “Bali package” at their meeting in Nussa Dua, Indonesia. “It may seem impossible, but now it`s done. We have delivered everyone here and now,” said Director General Roberto Azev├ędo at the closing ceremony and received standing ovations from the public.1 The Balinese package is an agreement on a small set of topics negotiated as part of the Doha Round launched in Qatar in 2001. However, this is the first truly multilateral agreement negotiated under the aegis of this 20-year-old organization, which was seen by many as the last opportunity to save the Doha talks. This article gives an assessment of what has been achieved in Bali from a development perspective. It begins with a brief description of the preparatory process before the minister. It then describes the content of the agreement and its potential impact on developing countries. Finally, options after Bali will be discussed in order to advance the WTO`s broader negotiating agenda. WTO (2013g), preferential rules of origin for least developed countries, ministerial decision of 7 December 2013, WT/MIN(13)/42, WT/L/917 (Geneva: WTO).

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