Trade negotiations reached a significant milestone in 2013 with the agreement of the “Bali Package”, a selection of issues from the broader Doha Round negotiations. The Package was agreed by ministers at the end of the WTO’s Ninth Ministerial Conference, held in Bali in December 2013. It comprises 10 ministerial decisions/declarations covering trade facilitation, agriculture and development. The Trade Facilitation Agreement aims to streamline trade by cutting “red tape” and simplifying customs procedures. It contains special provisions for developing countries to help them implement the Agreement. Benefits to the world economy are estimated to be between US$ 400 billion and US$ 1 trillion. On agriculture, ministers decided to give temporary protection to food stockholding programmes used for food security purposes and agreed to “exercise utmost restraint” in using all forms of export subsidy and other measures with similar effects. They agreed to improve how tariff rate quotas are managed and to add some rural livelihood and land-use programmes of special interest to developing countries to the list of those that can be freely subsidized. They also committed to making progress in addressing cotton within the agriculture negotiations. On development, ministers decided to establish a monitoring mechanism to analyse and review all aspects of the implementation of “special and differential treatment” provisions for developing countries contained in multilateral WTO agreements. They also took a number of decisions relating to least-developed countries (LDCs). These included improving the transparency of preferential rules of origin so that LDCs can better use the preferences accorded to them, and improving the implementation of duty-free and quota-free market access for imports from LDCs. Ministers also addressed the putting into operation of the waiver allowing WTO members to grant preferential market access to LDC services and service suppliers.