Dec 03 2013
"If there is no agreement to Bali1 the WTO2 will be disqualified!» Ruling Nicole Bricq3, the French Minister of Commerce extérieur4, on the issue of the Ministerial Conference of the World Trade Organization (WTO), which opens on Tuesday, the Indonesian island is widely shared. Including by its CEO, Roberto Azevedo, who also dramatizes the impact of any failure on Friday.
The Bali conference was to put an end to the endless international negotiations began in 2001 under the name Doha5 cycle. Tightened, issues focus on agriculture and "trade facilitation", that is to say, the fight against administrative barriers that block the goods to customs. In post since September, Roberto Azevedo, the new director general of the Geneva-based organization, had been hard to come to Bali with text "prémâché" upstream negotiated by diplomats and ready to sign. Alas, the 159 Member States are not reached preliminary agreement in Geneva and many fear a failure Friday in Bali at the end of the Ministerial Conference.
India is pointed as the main obstacle to an agreement. New Delhi, flagship of the Group of 33 countries in the developing world, defends the principle of unlimited food stocks and agricultural subsidies in the name of the fight against poverty. Practices means that the WTO severely framing. However, in the legacy of the GATT postwar (General Agreement on Tariffs and Trade) and WTO in 1995 became the multilateral system, decisions are obtained by consensus. An influential country therefore has the ability to block everything.
A gain of 130 billion
Indians are not the only bad students. Quoted by the Financial Times last week, the former Director General of the WTO Pascal Lamy6 criticized sharply in the United States and France of "bark" when we talk about lowering trade barriers payday advance.
Although Paris asserts its support for multilateralism, the implementation of the WTO agreement could affect French farmers by opening the door to imports from non-European countries, says Tancred Voituriez researcher Iddri (Institute Sustainable Development and International Relations). As the United States, from their point of view, "why bother with multilateralism when we get everything with bilateral?" Adds Tancred Voituriez.
In recent months, Washington has clearly favored the opening of regional negotiations: the Trans-Pacific Partnership (TPP eleven countries including Japan) and the Transatlantic Partnership (with the EU). Many observers as they analyze these future agreements as real threats to the WTO, a fortiori in the case of failure in Bali.
In addition, it is mainly the least developed countries that expect benefits of a WTO agreement with better access to rich country markets. The implementation of one component on trade facilitation would reduce trade costs enough to generate $ 130 billion in additional annual revenue worldwide, according to an assessment of the Peterson Institute.
On the eve of the Ministerial Conference, its chairman, Indonesian Trade Minister Gita Wirjawan, trying to be positive by saying that even if an agreement is only "5-10%" of the objectives of trade liberalization agreed in Doha, this remain "infinitely better than what we had in the last twelve years."One of the smartest ways in which you can search for low priced insurance covers for your vehicle is through online aggregator sites or independent sites for car insurance. In other words, the Internet is the best avenue for cheap price car insurance quotes.