Contents with tag: Bali package
The package of proposals being negotiated towards and post Bali is obviously imbalanced against developing countries. While some developed countries argue that the global trade system needs "some outcome" from Bali in order to show "progress," it is clearly not "progress" if the changes made to existing WTO agreements constitute an expansion of the failed model, rather than fundamental changes to existing unfair and asymmetric rules.
IBON International Director Antonio Tujan Jr. today condemned the new trade deal finalized at the recently concluded 9th World Trade Organization ministerial in Bali, Indonesia, as a license for a renewed neoliberal offensive against developing countries.
The Ninth Ministerial Conference of the World Trade Organization concluded a new trade deal after intensive consultations almost round the clock from Wednesday 4 December until the early hours of Friday 6 December, followed by overnight meetings of heads of all delegations the following night.
On the third day of the Ninth Ministerial Conference of the World Trade Organization in this resort island of Indonesia, negotiations appear headed for another failure.
Lines have been drawn as world leaders gather in Bali for the World Trade Organization’s ninth summit. On one side are the world’s wealthiest countries, including the United States, the European Union, Australia, and Canada, among others. On the other side, resistant to the proposals of this powerful bloc, stands the rest of the world: from the so-called “emerging” to developing to the least developed economies.
BALI, 3 December 2013 – The Ninth Ministerial Conference of the World Trade Organization (WTO) commenced today with trade ministers and officials from over 160 countries seeking a deal that would salvage the image of what was once the vanguard institution for globalization.