Instituto Fernand Braudel de Economia Mundial - Associado à FAAP

The Bali agreement and the future of the World Trade Organization

When: 12/12/2013, at 6:00 p.m.

Reunited in Bali (Indonesia) during the early morning hours last Saturday, the representatives of the 159 member-countries of the World Trade Organization (WTO) finally came to a consensus on the first trade agreement in the history of the 18-year-old organization. With repeated defeats in the last 12 years of the most ambitious negotiations of the Doha Development Round to open international trade, the WTO was threatened with irrelevance before the growth of regional agreements involving some of the stronger members. “The Bali agreement provides a new dynamic, and we are now convinced that we are going to conclude the Doha Development Round”, says the general director of the WTO, Brazilian Roberto Azevedo. What is the content of the new agreement and its implications for Brazil in world trade? These questions will be discussed by Ambassador Rubens Ricupero, president of our institute and the ex-secretary general of UNCTAD (United Nations Conference concerning Trade and Development), and Clodoaldo Hugueney, member of our institute who, in the last decade, served as the Brazilian ambassador to the WTO and China.

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