WTO adopts draft agreement in Bali

WTO adopts draft agreement in BaliMinisters atWorld Trade Organisation (WTO) meet in Bali have adopted a draft deal, which is the first multilateral agreement negotiated by the WTO's 159 member nations on the Doha agenda.

The ministers adopted five-draft decision declaration and the 10-document full Bali Package relating to the Doha Development Agenda. Experts had said that if the ministers are unable to reach on a deal in Bali, it would render the Doha round useless and might also raise doubts over the usefulness of the WTO.

Director General of the WTO Roberto Azevedo said at the closing ceremony that, "We have put the world back into the WTO. First time in our history the WTO has truly delivered. The Bali Declaration is the stepping stone to the completion of the Doha Round."

Following the agreement in Doha, the negotiations will now occur in Geneva and will be focused on issues of the Doha Development Round in a work programme that is expected to be completed within 12 months. The DG had asked the delegates to side-line politics to make Bali a success and pointed out at the closing ceremony that the leaders had the political will to complete the process.