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WTO trade package deal in Bali restores credibility of WTO as forum for multilateral negotiations

WTO trade package deal in Bali restores credibility of WTO as forum for multilateral negotiations
The 9th WTO Ministerial Conference (MC9) has just concluded in Bali having reached a long-awaited agreement to free up world trade through improved customs procedures that have been holding up the cross-border movement of goods. The Conference also addressed sensitive issues like food security in some of the less developed countries. But in political terms, it was seen as vital to restore credibility to an organisation that was perceived to be losing authority and legitimacy as a trade negotiating forum under the Doha ‘development’ round.

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