Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business
Emma Farge

Final WTO talks under way on selecting new leader, delegates say

FILE PHOTO: Ngozi Okonjo-Iweala poses outside a Nigerian diplomatic residence in Chambesy, near Geneva, Switzerland, September 29, 2020. REUTERS/Emma Farge/File Photo

World Trade Organization members are conducting final consultations this week on selecting a new director-general (DG) and are widely expected to endorse Nigeria's candidate at their next formal meeting, delegates said on Monday.

Washington backed Nigerian former finance minister Ngozi Okonjo-Iweala on Friday, reversing its previous opposition and prompting her to express optimism about her appointment.

FILE PHOTO: The World Trade Organization (WTO) logo is pictured in front of their headquarters in Geneva, Switzerland, October 28, 2020. REUTERS/Denis Balibouse

In another positive step, South Korean Trade Minister Yoo Myung-hee, the former rival who withdrew from the race last week, said in a tweet on Monday she would "work closely with the new DG", suggesting Seoul will not try to block Okonjo-Iweala.

The chair of the WTO's top decision-making body, David Walker, sent a communique to members on Monday saying he planned urgent consultations on the next DG and would fix a date to make a decision, according to two sources who saw the document.

The decision requires consensus by all 164 member states.

"Ngozi will be announced at the next General Council," said a delegate. It was not clear when that council would be.

The Geneva-based global trade watchdog has gone for months without a head during one of the most difficult periods in its 26-year history, with members at odds over reforms seen as critical for its survival. The last WTO chief, Brazil's Roberto Azevedo, left a year early in August, citing personal reasons.

The WTO is still reeling from attacks by the administration of former U.S. President Donald Trump which called it "horrible" and crippled its workings by blocking judge appointments to its top appeals body on trade disputes.

New U.S. President Joe Biden has struck a different tone, saying it is committed to "positive, constructive and active engagement" with members on reforming the WTO.

"Hopefully we can now start to look at how to fix the WTO rather than how to pull it apart," said a second delegate.

(Reporting by Emma Farge; editing by Philip Blenkinsop and Mark Heinrich)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.