{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Opening ceremony as ministers attempt to reach a free trade deal' data-url='/boclips/videos/5c54bc69d8eafeecae12c6e4' data-video-url='/boclips/videos/5c54bc69d8eafeecae12c6e4' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nOpening ceremony as ministers attempt to reach a free trade deal\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eTop trade officials began talks in Bali on Tuesday that will either produce an eleventh hour deal that could boost the global economy by one trillion US dollars or possibly spell the end of the World Trade Organisation's (WTO) relevance...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eTop trade officials began talks in Bali on Tuesday that will either produce an eleventh hour deal that could boost the global economy by one trillion US dollars or possibly spell the end of the World Trade Organisation's (WTO) relevance as a forum for negotiations.\u003cbr/\u003eAfter more than a decade of inertia in WTO talks, negotiators are close to a slimmed-down deal but there is no finished document for the dozens of trade ministers attending a summit on the Indonesia resort island to sign. \u003cbr/\u003eSo close to an agreement, some have been urging the trade ministers to take the unusual step of completing the negotiations themselves.\u003cbr/\u003eThe idea is that if all countries play by the same trade rules, then all countries, rich or poor, will benefit. \u003cbr/\u003eWith fewer trade barriers, goods and services of all types would be more affordable, creating more employment and business opportunities. \u003cbr/\u003eThe WTO estimates that easing customs barriers would increase total world trade to 23 trillion US dollars from its current estimate of 22 trillion US dollars.\u003cbr/\u003eThe US and other countries have been developing separate regional trade deals. \u003cbr/\u003eMany such pacts already exist. \u003cbr/\u003eThe newest, largest of them in the works - the Trans-Pacific Partnership among the US and 11 other Pacific Rim economies and a US-European Union free trade deal - would give developed economies fewer incentives to forge WTO deals.\u003cbr/\u003eThat's why another summit with no deal after more than a decade of trying could signal the twilight of the WTO's significance as a forum for trade negotiations. \u003cbr/\u003eIt has thrived in its other a major role, as arbitrator of trade disputes, where countries can file complaints against each other for distorting world commerce by using tools such as subsidies to create an unfair advantage.\u003cbr/\u003e\"Failure is not an option,\" host Indonesia's president Susilo Bambang Yudhoyono told delegates Tuesday as he opened the summit. \u003cbr/\u003e\"Giving poor countries an opportunity to trade gives them an opportunity to develop. We must seize our opportunity. Our success here in Bali will provide the necessary impetus for an expansion of global trade, that in the end, will help reduce poverty around the world,\" he said.\u003cbr/\u003eCritics of the WTO rules say they may hinder countries from setting their own priorities in environmental protection, worker rights, food security and other areas. \u003cbr/\u003eAnd they say sudden reductions in import tariffs can wipe out industries, causing job losses in rich and poor countries. \u003cbr/\u003eHundreds of Indonesian activists protested outside government buildings in Bali.\u003cbr/\u003e1. Wide of group photo\u003cbr/\u003e2. Pan right end of group photo, Indonesian President Susilo Bambang Yudhoyono (blue tie) talking to World Trade Organisation (WTO) Director General Roberto Azevedo\u003cbr/\u003e3. Wide of opening ceremony venue\u003cbr/\u003e4. Wide of Yudhoyono and Azavedo walking towards stage\u003cbr/\u003e5. Yudhoyono and Azavedo taking seats\u003cbr/\u003e6. Pan right of opening ceremony\u003cbr/\u003e7. Mid of Yudhoyono speaking on podium\u003cbr/\u003e8. SOUNDBITE: (English) Susilo Bambang Yudhoyono, Indonesian President:\u003cbr/\u003e\"Failure is not an option. Instead, let us focus on the opportunities, at times rare opportunities. The opportunity for us to reconcile our differing views and agree on new trade rules that will boost the global economy. The opportunity for us to strengthen the WTO as an institution for a fairer, more open and more equitable international trading system and the opportunity to regain the trust, hope, credibility, and confidence for the WTO as a trade negotiating forum.\"\u003cbr/\u003e9. Wide of audience\u003cbr/\u003e10. SOUNDBITE: (English) Susilo Bambang Yudhoyono, Indonesian President:\u003cbr/\u003e\"Giving poor countries an opportunity to trade gives them an opportunity to develop. We must seize our opportunity. Our success here in Bali will provide the necessary impetus for an expansion of global trade, that in the end, will help reduce poverty around the world. As we strive to come to agreement here in Bali, we should not view one another as competitors. We should reject the notion of north against south.\"\u003cbr/\u003e11. Mid of audience\u003cbr/\u003e12. Mid of WTO officials\u003cbr/\u003e13. SOUNDBITE: (English) Roberto Azevedo, WTO Director General:\u003cbr/\u003e\"It is now or never. If ministers can make the political calls to deal with these remaining obstacles, then we will have a package, and we will have a vibrant multilateral trading system once again.\"\u003cbr/\u003e14. Mid of audience\u003cbr/\u003e15. Various of Yudhoyono hitting the \"Kul-Kul\" to mark the opening of WTO meeting\u003cbr/\u003e16. 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