Connect with us


WTO: Okonjo-Iweala, others know fate next week



THE five candidates still in the race for the job of director-general of the World Trade Organisation will know their fate next week.

  Nigeria’s Ngozi Okonjo-Iweala, Kenya’s Amina Mohamed, Britain’s Liam Fox, Saudi Arabia’s Mohammed Al-Tuwaijri, and South Korea’s Yoo Myung-hee are, however still in the race.

  But next week, the initial pool of eight candidates to replace Roberto   Azevedo, who stepped down as the WTO director-general last month a year ahead of schedule, will be whittled down again, with just two remaining after a second elimination round.

  It remains unclear whether the WTO members will ultimately agree on another leader from Europe.

  There is no requirement for a regional rotation of the WTO chief position.

  But there have been calls for an African to finally get a shot at running the organisation, which has counted three director-generals from Europe and one each from Oceania, Asia and South America since its creation in 1995.

  The WTO aims to select a winner in November, but some have voiced fear that increasing politicisation of WTO, which relies on consensus to reach decisions, could draw out the process.

  Whoever is handed the job in the end will be taking over an organisation mired in multiple crises, and struggling to help members navigate a severe global economic slump triggered by the coronavirus pandemic.

  It will be recalled that three candidates, including Mexico’s Jesus Seade and   Egypt’s Hamid Mamdouh as well as Moldova’s Tudor Ulianovschi, were dropped last month as the Geneva-based organisation said they didn’t secure enough support in a first of three rounds of voting.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *