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'New WTO head should be capable of managing profound reform'
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IANS | 22 Sep, 2020
The new chief of the World Trade
Organisation (WTO) should be "capable of managing profound reforms of
the organization", said Valdis Dombrovskis, Executive Vice-President of
the European Commission.
The trade ministers of the European
Union (EU) strongly support this principle, Xinhua news agency quoted
Dombrovskis as saying on Monday following an informal meeting in Berlin.
The
EU will support the candidate who is able to fix the dispute settlement
system, re-initiate global trade negotiations and address the current
challenges in international trade, in particular sustainability and the
need for a level playing field, he added.
Dombrovskis didn't give
any name, but said the new director-general must enjoy the trust of WTO
members and can present balanced views that reflect the diverse nature
of members.
The five candidates remaining in the race for the
post are Ngozi Okonjo-Iweala from Nigeria, Yoo Myung-hee from South
Korea, Amina Mohamed from Kenya, Mohammad Maziad Al-Tuwaijri from Saudi
Arabia, and Liam Fox from the UK.
The process for selecting a new
chief was triggered on May 14, when former Director-General Roberto
Azevedo informed WTO members he would step down a year his term
officially ends.
The Brazilian career diplomat subsequently left
office on August 31 after serving seven years at the helm of the
Geneva-based organization.
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Customs Exchange Rates |
Currency |
Import |
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US Dollar
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