(Sachin Trivedi – IB Times)
Roberto Azevedo, the Director-General of the World Trade Organisation, asked for the member countries of APEC to help save the Bali Package, which was successfully negotiated about a year back. The finalisation of the deal was however not possible due to objections raised on two crucial points.
Member countries of the WTO have so far failed to agree on the modalities of implementing the previously agreed upon Bali package. The two issues which some countries have concerns about are the public stockholding and the Trade Facilitation Agreement. Read more here.