WTO Customs Deal Collapse
For those of our members within X2 Logistics Networks who are keep up to date on world trade developments, you might already be aware of the failed global trade deal that was awaiting ratification by WTO members. Unfortunately for those that were hoping for such a deal to go through, hopes were dashed as 31 July rolled by and the ratification of the agreement failed due to India choosing to not ratify the agreement.
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.
The failed Bali package, which has now been scrapped since its failure to pass ratification last week could best be described as a simplified version of the Doha Round WTO negotiations. The Doha Round started in 2001. The Bali Package essentially cut the more controversial aspects and was written to establish a framework for global trade.
Analysts who have been looking at the Indian decision to veto believe that it is, in a sense, the end of an era for the WTO. Some believe now that the time of trying to create grand global consensus for the promotion of trade is over. The Bali Package was expected to be rubber stamped and the WTO would achieve something on a scale that it had been unable to do in past years. Now analysts expect the WTO to break into smaller factions of like-minded states who will take it upon themselves to do what is necessary for regional or specialized trade to grow between their countries. Some members have already discussed a plan to push the Bali Package forward but exclude India from being included in the agreement.
We will have to see what trade representatives at the WTO do and how they see best fit to proceed. Will we see an “all but India†option or will small regional or specialty groups emerge to create their own agreements and push forward and wait for the rest of the world catch up? Brazil and China have already decided to implement at least some aspects of the Bali package. Maybe India will be left in the cold by its decision to be the sole vetoing state.
Member Testimonials
X2 always thrives on raising the bar when it comes to connecting people. X2 conferences are one of a kind! As the founding member, we are happy to be in X2 Elite and the X2 Projects Network.
"We believe in limiting memberships to a minimum and have found our home for projects as well as general cargo within the X2 family."
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.
The professionalism and organisation shown from the X2 team totally blew us away.
Richard is an innovator, what I find great working with him is that he can see the future.
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.
We have to skip the networks that are founded only for the benefits of the founders Quality and not quantity.
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.
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.
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!
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!
.jpg)
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.
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.
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.
"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 Conference
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
Book a Discovery Call with our Network Development Managers
Got questions or want to explore new opportunities within our networks? Schedule a one on one meeting with our Network Development Managers.