World Trade Organisation adopts Bali package, to move ahead on Doha round
"It always seems impossible until it's done," quoting former South African President Nelson Mandela who passed away a day before, World Trade Organization (WTO) director general Roberto Azevedo described the furious negotiations over the past two days that resulted in the Bali declaration at the end of the ninth ministerial conference on Saturday morning.
Getting the first such declaration in over two decades was not easy. After India and developing nations were brought around by changes in the draft text on agriculture on Friday night, it was the turn of Cuba and Latin American countries including Nicaragua, Bolivia and Venezuela out the deal on ice in the early hours of Saturday morning.
Sources said that the concerns over the language in the trade facilitation agreement was changed to address their concerns that it did not indicate a lifting of the US embargo. The revised text was approved at a meeting of the trade ministers on Saturday 10 am (local time).
All member nations of the WTO adopted the Bali package consisting of 10 documents on trade facilitation, agriculture, cotton and development issues.
"The package provides flexibility to developing countries on vital food security programme. We will change the Agreement on Agriculture. In the meantime, it will allow developing nations to avoid disputes for food security," said Indonesian minister of trade Gita Wirjawan, who as the chair and host for the summit brought the conference to an end.
Addressing the closing ceremony of the summit, a visibly emotional Azevedo said, "We have brought the world back into the World Trade Organisation."
The WTO chief, who had been involved in negotiations for over 48 hours since Thursday throughout the night and days also thanked his wife with a catch in his voice and tears in his eyes.
- Why my newspaper responded to Assam Rifles notice
- India is indebted to Shanti Bhushan for undoing Indira Gandhi’s 42nd Amendment
- Now that Bihar’s women have voted, what about their economic rights?
- Sedition and political speech
- Indian channels have a lot to learn from the international coverage of 13/11
- Europe’s challenge: Find a political solution to the quagmire in West Asia