Small, But Proportionally Significant Results Expected at WTO Summit

The Ninth Ministerial Summit of the World Trade Organisation (WTO) opened in the resort Island of Bali, Indonesia, with the declaration of Indonesia’s Trade Minister that the results expected may appear “small, but proportionally significant”.

What has come to be known as a “Bali Package”, trade negotiators across the world are to decide on what Roberto Azevedos, the new director-general of the WTO, described as a balance on the fate of WTO relevance to the world. There is indeed a sense of urgency in his tone when he called delegates to finish the deal “now and here”.

“Members want a deal,” he told delegates. “Well, now is the time to deliver. We are almost at the finish line.”

An important element in the Bali Package is the support members are hoping to give to the accession of the least developed countries, such as Ethiopia. He sees that demand in customs reform is not enough, but there ought to be technical support to enhance their negotiating capacity.

It is what Ethiopian trade negotiators have come to Bali for, according to members of the delegation. A technical assistance, which could reach three million dollars, is under discussion with the WTO, under an enhanced framework arrangement.

Published on December 3, 2013 [ Vol 14 ,No 710]



With a reformist administration in charge of the executive, there has b...


The new electricity tariffs that became effective on December 1, 2018,...


Who it is that midwifed the rapprochement between E...


Ethiopia’s economy is at a crossroads. The same old advice will not s...


A recent photo between Prime Minister Abiy Ahmed (PhD) and George Soros...


The future is bleak. Millennials and younger generations who will inher...

View From Arada

There is heated debate on the propriety, decency and morality of breast...

Business Indicators


Editors Pick