Sharma welcomes Brazilian diplomat's selection as WTO chief

Top Stories

»	Markets open positive amid global optimism, sustained FII inflows
»	India targets over 700 MTPA additional port capacity by 2030
»	Markets open subdued as IT, pharma stocks offset banking weakness
»	Sensex jumps 889 points, Nifty reclaims 24,250 as IT, FMCG stocks rally
»	Indian markets open nearly 1 pc higher; IT stocks lead rally

SME TImes News Bureau | 09 May, 2013
India has welcomed the selection of Brazilian diplomat Roberto Azevedo as the new director-general of the World Trade organization, Commerce and Industry Minister Anand Sharma said in a statement on Wednesday.

"India welcomes the selection of Roberto Azevedo as the new director-general of the WTO. He brings with him rich experience of trade negotiations and a sound understanding of the complex issues related to international trade," said Sharma.

"It is significant that this apex trade body is being headed by an able nominee from the developing world. He is assuming office at a crucial juncture as there is considerable expectations from the December Bali Ministerial Conference," he added.

The WTO, 159 nation group, selected Azevedo as its chief at a meeting held in Geneva Wednesday.

The 55-year old Azevedo, who has been Brazil's ambassador to the WTO for the past five years, will take charge as chief of the multilateral trade body from Sep 1, 2013.