WTO Ministerial “Bali Package,” Dec 2013

Impression“The WTO Trade Facilitation Agreement, which is the key element of the “Bali Package,” and part of the “Doha Package,” would simplify and harmonize dozens of administrative procedures and standards that dictate how goods cross borders or are handled in customs. It would drastically cut red tape that consumes precious resources for governments and companies, while slowing down supply chains, creating opportunities for corruption and increasing the cost of goods by an estimated 5 to 15 per cent.” – Victor Fung

Draft Bali Ministerial Declaration

The draft makes reference to the following draft texts for adoption by ministers:

PART I — REGULAR WORK UNDER THE GENERAL COUNCIL

  • TRIPS Non-violation and Situation Complaints — Draft Ministerial Decision — WT/MIN(13)/W/2
  • Work Programme on Electronic Commerce — Draft Ministerial Decision — WT/MIN(13)/W/3
  • Work Programme on Small Economies — Draft Ministerial Decision — WT/MIN(13)/W/4
  • Aid for Trade — Draft Ministerial Decision — WT/MIN(13)/W/5
  • Trade and Transfer of Technology — Draft Ministerial Decision — WT/MIN(13)/W/6

PART II — DOHA DEVELOPMENT AGENDA

Trade Facilitation

  • Agreement on Trade Facilitation — Draft Ministerial Decision — WT/MIN(13)/W/8

Agriculture

  • General Services — Draft Ministerial Decision — WT/MIN(13)/W/9
  • Public Stockholding for Food Security Purposes — Draft Ministerial Decision — WT/MIN(13)/W/10
  • Understanding on Tariff Rate Quota Administration Provisions of Agricultural Products, as Defined in Article 2 of the Agreement on Agriculture — Draft Ministerial Decision — WT/MIN(13)/W/11
  • Export Competition — Draft Ministerial Declaration — WT/MIN(13)/W/12

Cotton

Development and LDC issues

  • Preferential Rules of Origin for Least-Developed Countries — Draft Ministerial Decision — WT/MIN(13)/W/14
  • Operationalization of the Waiver Concerning Preferential Treatment to Services and Service Suppliers of Least-Developed Countries — Draft Ministerial Decision — WT/MIN(13)/W/15
  • Duty-Free and Quota-Free Market Access for Least-Developed Countries — Draft Ministerial Decision — WT/MIN(13)/W/16
  • Monitoring Mechanism on Special and Differential Treatment — Draft Ministerial Decision — WT/MIN(13)/W/17

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WTO must seal deal on cross-border trade to reinvigorate Doha talks
Victor Fung says developing nations would reap most of the gain in GDP growth, jobs and exports

“For businesses of all sizes watching the proceedings , it is clear that efforts should focus on delivering the WTO trade facilitation agreement.

“This agreement, which is part of the Doha package, would simplify and harmonize dozens of administrative procedures and standards that dictate how goods cross borders or are handled in customs. It would drastically cut red tape that consumes precious resources for governments and companies, while slowing down supply chains, creating opportunities for corruption and increasing the cost of goods by an estimated 5 to 15 per cent.

“Many of these efforts will bear immediate fruit in Asia, given our dependence on international trade. Indeed, much of the work towards the creation of the Asean Economic Community, the Trans-Pacific Partnership and other regional deals focuses on measures to facilitate trade and investment between members. While these and other bilateral and regional trade agreements include trade facilitation provisions, they do not provide consistency across the world. Only a multilateral deal under the auspices of the WTO could do that.”