The Bali package has included the
concerns of Least Developed Countries (LDCs), according to the minister.
Talking to the journalists at
Tribhuwan International Airport at his arrival from the ninth ministerial
conference of World Trade Oragnisation (WTO) today, trade, commerce and
supplies and finance minister Shankar Koirala, said that Nepal played an active
role – as the chair of the LDCs under WTO – to facilitate between developed and
LDCs in solving the thorny issues.
The issues raised by the LDCs
including duty-free, quota-free market access to the developed market, cotton,
waiver in service trade, trade facilitation, and agriculture have been included
in the Bali package, he said, terming the agreement as historic.
The agreement is said to be
historic also as it is the only achievement after the establishment of global
trade regime. "It has also committed to finalise the remaining issues of
Doha Round," Koirala added. "The agreement will increase confidence
on multilateral trading system."
The Bali package that has included
intellectual property rights, simplification and transparent membership
provision, technical support for trade, and unified structure for trade
expansion which will benefit LDCs like Nepal is a major achievement, he opined.
Some 159 member countries' ministers
and representatives have participated in the ministerial conference that stared
on December 3 concluded with the historic deal on December 6.
Koirala, led Nepali
delegation returned today.
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