https://www.engineeringnews.co.za

WTO members reach impasse ahead of Bali Ministerial conference

WTO director general Roberto Azevêdo

WTO director general Roberto Azevêdo

Photo by Reuters

27th November 2013

By: Creamer Media Reporter

  

Font size: - +

South Africa has expressed its disappointment over a failure by members of the World Trade Organisation (WTO) to reach agreement on a package of global trade deals ahead of the ninth Ministerial Conference to be held in Bali, Indonesia, in December.

WTO director-general Roberto Azevêdo on Tuesday said the last general council meeting prior to the Bali conference had seen progress being made; however, no agreements had been finalised.

“We are not going to Bali with a set of finalised documents that could allow the Ministers to announce to the world a set of multilaterally agreed outcomes – the first since the WTO was created. At this point in time, we cannot tell the world that we've delivered.

“And I will inform the Ministers that we have failed to find convergence. I will tell them that we came truly close to a successful outcome, but that, once more, the finish line eluded us,” he stated.

Azevêdo further warned that failure to reach agreement in Bali would have “grave consequences” for the multilateral trading system.

“We will fail not only the WTO and multilateralism. We will also fail our constituencies at large, the business community and, above all, the most vulnerable among us.

“What we have on the table for trade facilitation would deliver jobs and opportunities in times of unemployment and slow growth. It would also deliver technical assistance and capacity building for the better integration of developing and least developed countries into global trade flows,” he added.

The director-general further emphasised that member countries’ failure to reach agreement at the general council meeting was not the result of a North–South divide, nor was it owing to a lack of time.

Rather, it was the result of specific localised difficulties.

Azevêdo stressed that political will was needed for an agreement to be reached.

“You will need to talk to each other over the next few days, to figure out a way forward. I will be consulting members and I will do everything I can to facilitate discussions. But it is up to you to find the solution that we all want to see,” he said.

Meanwhile, South African Ambassador to the WTO Faizel Ismail criticised the “all or nothing” approach adopted by some members during the meeting.

“The WTO was and continues to be in crisis – due to the prolonged impasse in the Doha round. The main reason for this is, in our view, the high and unrealistic demands of some members. This crisis is now exacerbated by a shift of the resources and energy of the largest and richest members towards transcontinental and mega-bilaterals.

“An ‘all or nothing’ approach was another attempt to shift the focus of attention from the needs and interests of the poorest members towards that of narrow business interests,” he said.

However, he added that the majority of members were willing to do what was needed to rebuild support in the rich countries for multilateralism and the Doha round.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ACTOM
ACTOM

Your one-stop global energy-solution partner

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.054 0.91s - 139pq - 2rq
Subscribe Now