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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]
The inaugural ministerial conference was held in Singapore in 1996. Its primary purpose was to initiate an international effort among global trading nations to overhaul the structure and mechanisms of the General Agreement on Tariffs and Trade (GATT) while preserving the considerable progress and success achieved by that system since its inception in 1948.
The Twelfth Ministerial Conference (MC12) of the World Trade Organization (WTO) was a landmark event, marking the first Ministerial Conference held in nearly five years due to the COVID-19 pandemic.
The term "Singapore issues" refers to the work of four working groups set up during the World Trade Organization's Ministerial Conference of 1996 in Singapore. These groups are tasked with the following issues: transparency in government procurement, trade facilitation (customs issues), trade and investment, and
The talks broke down without progress, although trade facilitation, one of the Singapore issues, re-emerged with the support from both developed and developing countries in later Doha trade round discussion. December 2003 - WTO rules that duties imposed by the US on imported steel are illegal.
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