New horizons of the WTO: post-Bali prospects for development

Authors

  • Irina Aleksandrovna Medvedkova Permanent Mission of the Russian Federation to the WTO
  • Tatyana Aleksandrovna Trudaeva National Research University Higher School of Economics

Keywords:

World Trade Organization, “Bali Package”, Doha Round

Abstract

The World Trade Organization deals with the global rules of trade. Its main function is to ensure that trade flows as predictably and freely as possible. The “Bali Package” is the first set of agreements struck since the WTO was created in 1995 and represents a positive step towards concluding the Doha Round of trade negotiations, which began in 2001. “Bali Package” brought significant systemic benefits. The WTO is again a viable forum for negotiations. At present the main challenge for the WTO is building on this success to reenergise multilateral negotiations and ultimately close the Doha Round.

Author Biographies

Irina Aleksandrovna Medvedkova, Permanent Mission of the Russian Federation to the WTO

Ph.D. (Engineering)
Place of work, post: Permanent Mission of the Russian Federation to the WTO, First Secretary

Tatyana Aleksandrovna Trudaeva, National Research University Higher School of Economics

Ph.D. (Economics)
Place of work, post: National Research University Higher School of Economics, Lead Researcher

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Published

2024-02-08

How to Cite

Medvedkova, I. A., & Trudaeva, T. A. (2024). New horizons of the WTO: post-Bali prospects for development. Russian Foreign Economic Journal, (6), 62–71. Retrieved from https://journal.vavt.ru/rfej/article/view/926

Issue

No. 6 (2015)

Section

World economy