Queen's University trade expert available to comment on Bali Ministerial Conference
Queen’s University trade expert Robert Wolfe is available to comment on the World Trade Organization’s Bali Ministerial Conference being held December 3 to 6 in Bali, Indonesia. Achieving an agreement on the border management issues known as “Trade Facilitation” would be especially valuable for the world economy. But what’s most important for the multilateral process is that the ministers simply secure a deal– any deal – that would finally get the stalled Doha Round moving forward again.
“Power matters,” says Dr. Wolfe. “It has changed, and the global trading system hasn’t caught up. The WTO remains the only place for a trade accommodation between the U.S. and China. That accommodation will not happen all at once next week, but the fate of the Bali ministerial will be a straw in the wind. Inability to conclude even a small package in Bali would be a discouraging sign.”
The other major issues on the agenda for this biennial conference are proposals about reducing agricultural export subsidies; how to deal with developing countries’ food stockholding for food security, and a set of measures favouring development.
Robert Wolfe is Professor in the School of Policy Studies at Queen’s.
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