Didier Reynders pleased with the World Trade Organisation agreement in Bali
Didier Reynders, the Deputy Prime and Minister for Foreign Affairs, is pleased with the outcome of the ninth Ministerial Conference of the World Trade Organisation (WTO) in Bali. The agreement that was reached is a historic step forwards for the multilateral trading system. A number of measures within the agreement promote the integration of least developed countries in international trade. They are a response to the pleas from those countries to guarantee food security for rural and urban dwellers. The agreement also opens the way for a reduction in administrative obligations required for importing and exporting goods, which should boost international trade and help developing countries. Our companies will also benefit from the advantages of this move.
The agreement confirms the central role of the World Trade Organisation in establishing international trade rules. This step towards more inclusive, fair and transparent multilateral rules reflects our priorities here in Belgium.
Didier Reynders hopes that this well-balanced agreement will be a trigger for resuming the Doha development agenda discussions so that the promises of further liberalisation of world trade can be fulfilled.