Looking for a specific product?

Make a search for products & suppliers, articles & news.

Agreement reached on global trade agreement

“The results of the Ministerial Conference in Bali are very encouraging after many years of stalemate. This is an important step forward in the global effort to reduce poverty worldwide, and will give a badly needed stimulus to the world economy,” commented Minister of Foreign Affairs Børge Brende on the agreement reached in the World Trade Organization (WTO).


A day later than scheduled and after negotiations that continued through two nights, the WTO members at the 9th Ministerial Conference reached agreement in the early hours of 9 December Norwegian time.

“The most important thing about the success in Bali is that it opens up opportunities to resume negotiations on the core issues in the Doha round: market access for agricultural products, fish, industrial goods, and services, as well as subsidies and updating the WTO rules,” said Mr Brende.

The 160 member countries of the WTO reached agreement on a package of measures to streamline trade that can promote growth and employment throughout the world. It includes several measures that are important for the poorest countries. It also includes a commitment to reduce export subsidies in the agricultural sector, and addresses issues such as tariff quota administration and food security for developing countries, which was the last issue to be settled. The Bali package is part of the Doha Development Agenda negotiation round, which started in 2001 and stalled in 2008.

 

Related news

Latest news

Record-breaking Aqua Nor!

Aqua Nor 2017 closed its doors after four fantastic days. The final count showed that no less than 27 110 visitors had found their way to the exhibition. This represents an increase of over 30% compared to Aqua Nor 2015.

CLOUD COMPUTING, FISHTALK & AKVA CONNECT - SOLUTIONS & AMBITIONS

In partnership with key customers, 

Students design autonomous containers to disrupt sea freight of aquaculture products

Along with eight other graduates, he has developed SEAtrue, 

DNV GL applies data analytics techniques to reduce downtime

“We’ve seen similar results in several other digitalization initiatives we’ve had lately. 

DNV GL and Siemens lead the way in asset lifecycle management for the oil and gas industry

In collaboration with Siemens, 

Eimskip strengthens its worldwide forwarding services by acquiring the logistics company SHIP-LOG A/S in Denmark

Eimskip has strengthened its position in worldwide logistics services by acquiring 75% of the freight forwarding company SHIP-LOG. 

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway!

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway! The entire shipbuilding and fabricating facility is closing and more than 500 lots is on sale.

Servogear CPP for Seasight II - Future of the Fjords

We are proud to announce that Servogear has been chosen for the delivery of Servogear...

TechnipFMC Signs Agreement with Pall to Supply Slurry Oil Filtration Systems for Fluid Catalytic Cracking Units

The associated activities will be managed by TechnipFMC Process Technology’s center in Houston,