Response To WTO Bali Package Failure

img

2 weeks ago the X2 Elite Network Blog presented news about the collapse of the WTO TFA that is commonly referred to as the Bali Package.

In response the Express Association of America, which represents 4 of the world’s leading express courier and logistics companies has issued a response to address the failure of the Bali Package ratification.

Michael Mulle, the Executive Director of the EAA said, “At Bali last year the WTO took a huge step forward in the effort to accelerate the flow of goods through the global supply chains and reduce transaction costs for businesses large and small.” He then continued, “To now have this significant agreement delayed due to the reservations of a small number of WTO members means the major gains in world trade, increased GDP and more jobs will not be realized.”

Analysts have placed the value of the Bali Package at levels of around $1 trillion in global benefits through the cutting of red tape.

The EAA was a signatory to a letter that was distributed to Trade Ministers of the G20 and it was also active in preparing the US Government for the changes that would be needed following a successful WTO TFA.

For a brief background on the events of two weeks ago, the two paragraphs that follow provide a sufficient summary of the action, or inaction, and the result.

India chose to not ratify the agreement because they preferred to have had another agreement set in place before the global customs deal. This agreement envisioned by the Indian government that would allow for developing states to subsidize and stockpile foods.

In response to the failed ratification, some individuals involved in global supply chain and are leaders of their sectors have claimed that the failure of the agreement to be ratified is more damaging to those WTO members who are developing states than those who are considered to already be developed.

Ultimately, it appears many of the world’s trade ministers, the big carriers, and smaller to medium size freight forwarders are all pushing the WTO to do something and reverse the course the Bali package has taken since its failure to be ratified. Some groups propose creating an agreement and leaving India out of it. Others expect to see regional agreements be made so they do not see the costs involved in adjusting to the Bali Package requirements as wasted funds, time, and effort. What will happen? No one is 100% sure of what course international trade will take in relation to this, but it is certainly likely to cause some waves in the weeks and months to come.

Member Testimonials

testimonial
"We believe in limiting memberships to a minimum and have found our home for projects as well as general cargo within the X2 family."
testimonial
I've been in the business for over 30 years, I have never had or experienced such and effort by the management team of the network to get members to participate and make their membership work for them.
testimonial
The professionalism and organisation shown from the X2 team totally blew us away.
testimonial
Richard is an innovator, what I find great working with him is that he can see the future.
testimonial
I was positively surprised from the amazing organization and specially the commitment of all X2 Team making this event incredible for everybody and in all complete fields.
testimonial
We have to skip the networks that are founded only for the benefits of the founders Quality and not quantity.
testimonial
We found the best way to build trust is to go to the conference and meet with people, talk to them and get to know them.
testimonial
As a new member of the X2 Network, we are very impressed by the organization and its professionalism and focus on mutual business development. X2 has already given us some great opportunities to work with likeminded partners across the globe on both project and general cargo.
testimonial
Great energy and drive throughout the X2 Team and high profile Network agents to complement each other’s business across the globe and help achieve positive results. Keep up the good work!
testimonial
X2 is like a family! We have met so many amazing partners. There has been so much success with the relationships we have developed throughout the years and most importantly friendships that will last a lifetime. And we love the networks' reach!
testimonial
We have been a member of X2 since 2014 and have attended six conferences. Richard and his passion for the network with his enthusiastic team have arranged all the conferences perfectly considering every single detail. We made many friends and found new global partners to work with at the conferences. X2 is one of the good solutions for our needs and we hereby thank them for their efforts.
testimonial
I have attended a lot of networks and annual meetings in the freight industry, but I have never come across a network like X2. This is another level. It is a pleasure to be a part of the X2 network - the professionalism, the attention to detail, the broad and knowledgeable staff - everything at the highest level.
testimonial
X2 is really an excellent logistics network, with a well-organized team that is always thoughtful and helpful. We are happy with X2 and expect a long journey together.
testimonial
"At X2 Network we found a group of partners that really want to build a long-term relationship. Companies are run by people that really care about your business and success. X2 Team has been really supportive and very active to develop new opportunities for your business''.

Our Partners

X2 Values

Our special networking event is about smart freight forwarders coming together to grow and develop business within the group by providing an opportunity for all members to gather in one place to form and extend personal relationships.

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
7:53

NEW YORK

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
7:53

sao paulo

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
7:53

london

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
7:53

dubai

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
7:53

bangkok

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
7:53

hong kong

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
7:53

tokyo

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
7:53

sydney