So thank goodness that the WTO managed to agree something in Bali. Yet another multilateral failure, after Copenhagen, Rio, and so on would have been beyond disastrous, especially as we line up for final approach towards the two big 2015 deadlines on successors for the Millennium Development Goals and climate action beyond 2020.
But blimey, it was a pretty thin outcome. While almost all the media coverage focused on trade facilitation (the bit that global companies wanted) and food security (the bit that India was holding out about), the part of the so-called “small package” agreed in Bali that arguably mattered most was the third basket of issues: those on development.
One of the elements of that basket was duty-free / quota-free market access for least developed countries. Right now, about 80% of LDC exports enjoy DFQF access. Back at the 2005 WTO Ministerial in Hong Kong, developed countries promised to up that level to 97%. Bali would have been a perfect moment for developed countries to set out a concrete timetable for making good on that nearly decade-old promise. So did they? Nope. Instead, developed countries “shall seek to improve” DFQF coverage. Well, great.
Or what about cotton, where West African LDC producers have long faced an iniquitously unfair trade regime that protects cotton growers in the US and elsewhere? You almost couldn’t make it up: “we regret that we are yet to deliver” on promises made at Hong Kong in 2005, “but agree on the importance of pursuing progress” and “agree to hold a dedicated discussion” on it every couple of years.
This is lame. Let’s hope that the timing of the next WTO Ministerial – probably in 2015 – implies a more pro-development outcome.