The WTO Multilateral Trade Negotiations in Bali almost failed. By negotiating for one day beyond the scheduled conference time, 159 exhausted nations finally concluded an agreement.
What’s at stake are the rules which govern trade among member nations in goods, services and intellectual property. They are the foundation of the present world economic order. Indeed, these negotiations are the most important to be held in any area of multilateral negotiations among the nations of the world for at least 30 years.