WTO The First Global Trade Agreement Was Born

< p > the ninth Ministerial Conference of the World Trade Organization concluded in December 7th in Bali Island, Indonesia. The conference reached the first multilateral trade agreement in Bali, the "Bali package agreement", so as to "save" the dying Doha Round negotiations.

Shen Danyang, spokesman of the Ministry of Commerce, said that the Chinese government welcomes the conclusion of the "early harvest" of the Doha Round negotiations, < a href= "http://www.91se91.com/news/index_q.asp > > agreement > /a >, and hopes that all parties will continue to make efforts to fully realize the development goals of the Doha round.

< /p >

In December 7th, the ninth Ministerial Conference of the World Trade Organization (a href= "http://www.91se91.com/pioneer/" > WTO < /a) was postponed one day later, and the agreement on the early harvest of the Doha round was finally reached. The agreement covers three parts: trade facilitation, some agricultural issues and development.

The meeting also made clear that in the next 12 months, the work plan for all the Doha resolutions, especially agriculture, developing countries and the least developed countries, should be formulated.

< /p >

< p > the Doha round talks stalled for many years. After the Geneva negotiations failed, the Bali Island ministerial conference can be described as the "critical autumn" of the multilateral trading system. All the members have breathed a sigh of relief after the twists and turns achieved.

< /p >

< p > < strong > results are gratifying < /strong > < /p >

Azevedo, director general of P WTO, said the decision of the conference was "an important stepping stone for the completion of the Doha Round negotiations".

This hard won agreement is even more lament, "before we all agreed that the" Bali package agreement "was impossible, and now it is finally achieved.

< /p >

< p > Azevedo is not only happy about this.

Shen Danyang, spokesman of the Ministry of Commerce of China, said that the conclusion of the early harvest agreement was the first breakthrough of 12 years in the WTO round of Doha round, reflecting the balance of interests of all parties and hard won.

The Chinese government welcomes the achievement of the agreement to restore confidence in the Doha round and the multilateral trading system.

< /p >

< p > this confidence is of little significance.

Lu Yan, a researcher at the Ministry of Commerce and the world economic and Trade Research Institute of the Ministry of Commerce, said that the Doha round was the first round of negotiations carried out by WTO. Although the current agreement is only achieved on three pillars, it is also a very rare breakthrough.

< /p >

Feng Zongxian, director and professor of the development and investment research center of Xi'an Jiao Tong University, believes that under the background of the current progress of the multilateral trade agreements, the efficiency of multilateral trade negotiations has been low, forcing many countries to shift the focus of attention to multilateral negotiations and bilateral negotiations. P

"This agreement can be said to be an account of all these years of efforts."

Feng Zongxian said.

< /p >

In P 12 years, WTO's "Doha marathon" ran extremely hard.

Huang Jianzhong, Professor of the Department of international economics and trade of Xiamen University, said that the signing of the "Bali Island package agreement" can be said to be a "dawning dawn" of the mechanism of "a href=" http://www.91se91.com/news/index_s.asp "multilateral trade < /a".

< /p >

< p > "from Geneva to Bali Island, we can achieve the final results under many differences. All the members involved in the negotiations have tried their best."

Huang Jianzhong said with emotion, "this shows that WTO members are willing to take the multilateral trade route, and all members should be happy to see this agreement."

< /p >

P > < strong > promote trade liberalization < /strong > < /p >

< p > "early harvest" will strongly promote global economic growth.

According to the OECD estimates, the signing of the trade facilitation agreement will create nearly $1 trillion in revenue and 21 million jobs each year, helping developing countries export growth by 10% and developed countries' exports by 5%.

< /p >

Huang Jianzhong P told the International Business Daily reporter in the interview that trade facilitation will greatly boost global commodity trade, which is very beneficial to developing countries with manufacturing concentration. The development agenda also focuses on the concerns of developing countries - developing countries are the biggest winners of "early harvest".

< /p >

< p > however, the current progress has also caused Huang Jianzhong's concern: in order to reach the current agreement, the developing countries have made concessions from the developed countries. Will this become the requirement of inertia in the negotiation of other outstanding issues in Doha? "There will be new difficulties in the negotiation of other issues, and all members need to show enough sincerity."

Huang Jianzhong said.

< /p >

< p > in the path to trade liberalization, the functions of multilateral agreements and regional agreements are different, and they also have different characteristics.

Experts believe that the signing of the "early harvest" agreement in Bali Island means substantive progress in multilateral trade agreements, but the process of regional agreements will not be lax.

< /p >

P, as a big manufacturing country, China will undoubtedly benefit a lot from trade facilitation.

Experts believe that the substantive progress of the multilateral trading system will also promote the progress of bilateral trade agreements with other countries.

"The magnitude and speed of trade facilitation in bilateral negotiations will be driven by the outcome of multilateral negotiations."

Huang Jianzhong said.

< /p >

< p > Feng Zongxian also expressed similar views to reporters.

The border agreements have been advancing in all parts of the world in recent years, but the countries outside the agreement are always at risk of exclusion, and there is no such concern as to the WTO's overall activities.

"If multilateral agreements are progressing slowly, countries will have to formulate rules through bilateral and multilateral arrangements, thereby affecting the multilateral negotiation process. If multilateral agreements are progressing smoothly, they will also push forward bilateral and multilateral agreements, and ultimately move towards the direction of Global trade liberalization."

Feng Zongxian said.

< /p >