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The Bali Package is a trade agreement resulting from the Ninth Ministerial Conference of the World Trade Organization in Bali, Indonesia on 3–7 December 2013. It is aimed at lowering global trade barriers and is the first agreement reached through the WTO that is approved by all its members.
The Ninth World Trade Organization Ministerial Conference was held in Bali, Indonesia from 3 to 7 December 2013. [1] The conference was chaired by the Indonesian Trade Minister Gita Wirjawan. [2] In this conference, 159 members of World Trade Organization agreed to the Bali Package which aims to ease barriers to international trade. [3]
It was claimed that the Bali Package, if implemented in full, could boost the global economy by US$1 trillion and create 21 million new jobs. [8] The Bali agreement included a 12-month deadline for the development of "a clearly defined work programme" on the remaining issues.
Bali (English: / ˈ b ɑː l i /; ᬩᬮᬶ) is a province of Indonesia and the westernmost of the Lesser Sunda Islands.East of Java and west of Lombok, the province includes the island of Bali and a few smaller offshore islands, notably Nusa Penida, Nusa Lembongan, and Nusa Ceningan to the southeast.
The last agreement to date, the Bali Package, was signed on 7 December 2013. References These references will appear in the article, but this list appears only on this page.
The ministerial conference was held in Cancún, Mexico, aiming at forging agreement on the Doha round.An alliance of 22 southern states, the G20 (led by India, China [2] and Brazil), resisted demands from the North for agreements on the so-called "Singapore issues" and called for an end to agricultural subsidies within the EU and the US.
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