THE SENIOR ANALYST
The emerging era of
renewed Multilateralism
“It always seems impossible until it’s done”. –
Nelson Mandela
It seemed that WTO was losing relevance in
current times but the recent turn of events
suggest otherwise. WTO, in its Bali ministerial
conference, has been able to deliver results that
are a breakthrough in the history of multilateral
trade across the globe. The stalled Doha
development agenda that had collapsed in
December 2008 over the treatment of agriculture
subsidies and tariff reduction has now being seen
in new light. The ninth ministerial conference in
Bali has revived the confidence of the world in
WTO. According to Robert Azevedo, the directorgeneral of the WTO, this magnificent and
momentous deal has renewed hope in a global
trading s