With the repeated failure of the WTO Ministerial meeting since the start of the Doha Round in 2001, the success in Bali will be a victory for the new Director General of the WTO , the neo- multilateral weakening .
French Foreign Trade Minister stressed: ” This is a unique system that allows all countries to participate in the construction trade rules and their implementation and respect , regardless of how big or small country , regardless of the reach What effects ” .
Ms. Nicole Bricq also stressed in the interview with Le Monde that ” the WTO is working as an insurance against protectionism , it is very important in the current economic context .”
Big and urgent problems posed to the WTO is the most rapidly successful conclusion of the Doha Round was launched 12 years ago . It is also the central theme of this conference . Almost nobody in the world believes that dissent and conflicting during the last 12 years between WTO members and between the sets of internal factions could be overcome in the 3 -day conference .
So only parts reached an agreement , such as compensation for reduced agricultural export subsidies or trade barriers lifted it enough to consider the conference a success and helped steer clear WTO brink of survival crisis in his own .
If this convention fails and influential role , the position and the actual value of the WTO as slide faster . Meanwhile, the process of liberalization of global trade in the WTO framework will take significantly more competitive with mainstream form of regional free trade bilateral and multilateral completely independent .
The organization then takes the central role , leading and driving force for free trade in the world . If so , the WTO is not the only lag that could even be pushed back into the past . But if there are concrete results , though not comprehensive , at this conference , the WTO remains the opportunity to come back and regain breakout role and expectations inception 18 years ago .