WTO: 5 Gains for World Trade Organisation

The success of Bali Ministerial will reinvigorate the WTO and give impetus to multilateral trade talks; faster and more efficient trade.

By ET Bureau | Updated: Dec 09, 2013, 02.33 AM IST

Even the diehard optimist did not believe the Bali Ministerial of the World Trade Organization (WTO) would achieve anything. The sceptics said its failure would be a nail in the coffin of multilateral attempts at equitable trade orders, after all in its 12 years the Doha Round had nothing to show. Unexpectedly, Bali did deliver a result. ET deciphers the gains from Bali…