Global trade has slowed down, and successful negotiations at the World Trade Organisation's Ministerial Conference in Bali are crucial. The talks focus on trade liberalisation with a development perspective. The goal is to revitalize multilateral trade negotiations and create a new agenda centered on global value chains. To achieve this, the current Doha Round needs to be concluded with a new set of commitments that support development, paving the way for a fresh start in trade negotiations.