Global trade revival hinges on Bali negotiations success.
Global trade has slowed down due to the crisis, making successful negotiations at the World Trade Organisation's Bali Conference crucial. The talks focus on trade liberalization with a development focus, including agriculture and trade facilitation. After Bali, the WTO aims to revitalize multilateral trade negotiations by creating a new agenda centered on global value chains. To achieve this, the ongoing Doha Round needs to be concluded with a new set of deliverables that fulfill development commitments, paving the way for a fresh start.