Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

WTO to meet to decide on next director-general on Feb. 15

Published 02/09/2021, 11:17 AM
Updated 02/09/2021, 11:40 AM
© Reuters. World Trade Organization (WTO) in Geneva

© Reuters. World Trade Organization (WTO) in Geneva

GENEVA (Reuters) - The World Trade Organization said on Tuesday that its top decision-making body, the General Council, will meet on February 15 to decide on the next director-general.

Nigeria's Ngozi Okonjo-Iweala is widely expected to be chosen to fill a months-long leadership void at the global trade watchdog after Washington reversed its opposition last week. If confirmed by consensus, she will be the first woman and the first African to head it.

The 164-member body has been without a leader since Brazil's Roberto Azevedo left a year early in August. Supporters hope she can reinvigorate the institution, which is facing the biggest crisis in its 26-year-history, with members unable to agree on trade deals and a reform programme.

© Reuters. FILE PHOTO: Okonjo-Iweala poses outside a Nigerian diplomatic residence in Chambesy

The U.S. administration of Donald Trump had criticised the WTO and paralysed some of its functions, including those of its top appeals body, which rules on trade disputes.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.