Head of World Trade Organization to step down early

The head of the World Trade Organization said Thursday he will leave his post a year before his term expires, an unprecedented mid-term resignation at the WTO that he called a personal decision. Also read: The rise and fall of the WTORoberto Azevedo, a former diplomat from Brazil, said he will step down on August 31, cutting short a seven-year tenure marked in recent years by intense pressure from U.S. President Donald Trump, who accused the Geneva-based trade body of an anti-U.S. bias and other complaints.Also read: World trade without rules? United States shuts down WTO appeals court This is a decision that I do not take lightly, Mr. Azevedo told a special meeting of WTO delegations. It is a personal decision – a family decision — and I am convinced that this decision serves the best interests of this organization. The 25-year-old trade body has never had to fill a vacancy for the director-general post before that term expired, and under WTO rules, a selection process for a successor is to begin as soon as possible.Mr. Azevedo’s WTO often found itself in the firing line of the Trump administration, which accused the trade body of a bias against the United States and of letting China get away with what it called unfair trade practices.U.S. Trade Representative Robert Lighthizer thanked Mr. Azevedo for his exemplary service. Despite the many shortcomings of the WTO, Roberto has led the institution with grace and a steady hand, Lighthizer said in a statement. He will be difficult to replace.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper
Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access
Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations
A select list of articles that match your interests and tastes.

Faster pages
Move smoothly between articles as our pages load instantly.

A one-stop-shop for seeing the latest updates, and managing your preferences.

We brief you on the latest and most important developments, three times a day.

Not convinced? Know why you should pay for news.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link

Leave a Reply

Your email address will not be published.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