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Nusa Dua (Indonesia). (Agencies) -. The World Trade Organization (WTO) today approved the first major treaty for trade liberalization in nearly 20 years during the summit to be held in the Indonesian island of Bali and was rejected on Friday by Cuba.
The Bali package called for the global elimination of trade barriers and support for developed countries mache customs was approved by the majority of the 159 countries voting in the WTO, as stated by the Minister of Trade of Indonesia, Gita Wirjawan.
On Friday, Cuba had also rejected on behalf of Bolivia, Venezuela and Nicaragua mache customs the draft agreement for the liberalization of world trade had been hit by the ministers of the WTO countries due to U.S. trade embargo against mache customs Cuba. Following the refusal of the island, the director mache customs of the World Trade Organization (WTO), Roberto Azevêdo, was postponed to this Saturday's deliberations.
Thus, the WTO relaunched the Doha Development Agenda with ten agreements accepted by the 159 member countries of the organism. Some supporters describe mache customs as historic pact, critics of inadequate and beneficial to large corporations and to some analysts the final text denotes the political will to keep attendees Bali with another failure in the process of liberalization of international trade .
One of the contentious issues in Bali and he needed intensive mache customs negotiations. "Under mache customs this decision, we conclude the negotiation of a Trade Facilitation Agreement (...) subject to a legal review of the effects of the introduction of rectifications of a purely formal nature which do not affect the substance of the Agreement" says the text.
The document details the future mache customs framework of international "trade with a view to further expediting the movement, release and clearance of goods, including goods in transit mache customs (...) recognizing the particular needs of developing countries and especially the least developed "countries.
"Members recognize that the general service programs can contribute to rural development, food security and poverty reduction, especially mache customs in developing countries."
So are public stocks for food security purposes, the most contentious in the Bali ministerial issue because India and other countries defended their programs affordable for the poor food.
In the end the problem was raffled postponing the solution. "Members agree to establish the provisional mechanism is exposed and to negotiate an agreement for a permanent solution on the issue of public stockholding for food security purposes with a view to adoption of here to the Eleventh Ministerial Conference" include.
"In mache customs the meantime, until a permanent solution is found, provided that the conditions below are met, the Member shall not put into question by the dispute settlement mechanism of the WTO."
Still, there is an understanding on rules on the administration of tariff quotas for agricultural products as defined in Article 2 of the Agreement on Agriculture.
"We recognize that all forms of export mache customs subsidies and all export measures with equivalent effect are a type of highly protectionist and help with important trade distorting." "In this context, therefore reaffirm our commitment to achieve as a result of negotiations with the parallel elimination of all forms of export subsidies", stated in the agreement.
Preferential rules of origin for least developed "countries mache customs are established in order to facilitate market access of LDCs in the context of non-reciprocal preferential trade arrangements for LDCs, Members should strive mache customs to develop or refine the disti
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