Unpacking the Bali Package: a Snapshot of Bali Ministerial Decisions of WTO Members
The Bali Package represents a key turning point for the World Trade Organization. Covering trade facilitation, agriculture, and trade issues for developing and least-developed countries, it is set to increase trade activity on a global scale and lower the cost of doing international trade. This paper acts as a precursor to its implementation by identifying challenges countries may face, giving a brief history of each pillar, exploring the next possible steps for each ministerial decision, and examining the likely effects of this decision/agreement on various other stakeholders, particularly on consumers.
Author: Archana Jatkar and Chenai Mukumba
Tags: Trade, Trade Facilitation, Trade Policy, WTO, Agriculture, Least Developed Countries, India