The WTO hired the first female boss, as the shortlist narrated the two. world News –

The WTO hired the first female boss, as the shortlist narrated the two. world News

The WTO has been announced to be run by a woman for the first time in its 25-year history as it was announced that the final choice to be its new Director General would be between Yu Myung-hee of South Korea and Nozi Wonjo of Nigeria. -Iweala.

Former UK international trade secretary Liam Fox failed to make the final shortlist as the number of candidates was reduced from five to two.

A long battle to secure one of Ber’s international jobs will be decided early next month, with the winning candidate facing a range of pressing problems.

Fox failed to muster enough support, despite US support, barring an election between veteran business executives at Yo and a candidate in Okonzo-Iwela, who say the organization needed a new pair.

The eight candidates to become the next director general of the World Trade Organization are:

Ameena Mohammed: The Kenyan candidate knows the way to Geneva and is the former chairman of the General Council of the World Trade Organization. Currently the Cabinet Minister for Sports Heritage and Culture, Mohammed was Kenya’s Foreign Minister between 2013 and 2018. Chances are: United front.

Jesús Suede Kuri: Mexico’s alternative has a long career in trade negotiations, stretching back to the days of the General Agreement on Tariffs and Trade as a precursor to the WTO. More recently, he was involved in the renaissance of the North American Free Trade Agreement between Mexico, Canada and the US. Chances are: Must be cut first.

Mohammed Majeed Al-Tuwaijri: Selected for Riyadh’s job is a former Saudi Air Force pilot who worked in banking for JP Morgan and HSBC, but currently advises the Saudi royal family on international and domestic economic policy. Chances are: Will struggle to make the first cut.

Yau Myung-hee: The Trade Minister of South Korea is a veteran of trade negotiations and when it was established in 1995 took responsibility for WTO affairs for his country. More recently, he has been responsible for negotiating free trade agreements with the UK. Chances are: Possible dark horse.

Liam Fox: The pro-Brexit MP was made International Trade Secretary by Theresa May in 2016, but was ousted by Boris Johnson in his 2019 reshuffle. The former defense secretary twice failed to become leader of the Conservative Party and was chosen as Britain’s candidate in preference to former EU Trade Commissioner Peter Mandelson. Chances are: thin.

Abdel-Hamid Mamdouh: The ultimate business insider, Mamdouh’s experience of trade negotiations dates back to the mid-1980s when he was an Egyptian negotiator in the group. He later became an officer in the World Trade Organization and ran the services division. Holders of both Egyptian and Swiss nationalities. Chances are: Outsider.

Ngoji Okonjo-Iwela: The Nigeria candidate spent 25 years at the World Bank, eventually reaching number two in the Washington-based organization. Okonzo-Iwela was a strong voice against corruption during his two terms as finance minister of his country and was also a foreign minister. Chances are: United preferred despite no business background.

Tudor Ulyanovskiy: Among the youngest dependents of the WTO, at the age of 37, Uliyanovsky was a diplomat between 2018 and 2019 before he became Moldova’s foreign minister. He gained experience in how Geneva worked during his time as Moldova’s representative at the WTO. Chances are: Outsider. Larry elliot

Other unsuccessful candidates in the second leg of a race that started with eight hopes were among the original favorites, Amina Mohammed of Kenya and Mohammed Al-Tuwajri of Saudi Arabia.

Okonzo-Iwela has served two terms as the Finance Minister of Nigeria and has also been the Foreign Minister of his country. Being at number two in the World Bank, she is running as an outsider and as a candidate to give new political momentum to the World Trade Organization.

Ngoji Okonjo-Iweala.

Ngoji Okonjo-Iweala. Photo: Lucas Jackson / Reuters

Interviewed by the Guardian last month, she said: “It’s true that I’m not an WTO insider but that’s a good thing. We need someone who knows the trade but brings a fresh pair of eyes.

“There are many people with technical skills in the World Trade Organization. There is no shortage of business skills but there are problems and they are getting worse. Something else is needed, strong political skills, able to engage a leader in a strong way. ”

Yoo has a 25-year-old record in government and has worked on a number of bilateral trade deals with the US and the UK.

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Kovid-19 has an impact on global trade flows, with the World Trade Organization expecting a 9.2% decline this year and only a limited rebound in 2021.

The epidemic ensues between the ongoing trade war between the US and China, the WTO’s failure to complete the Doha round of trade liberalization negotiations, and Washington’s refusal to allow the appointment of judges for the organization’s disputes. The police have impaired their capacity for global trade.

The WTO has in the past decided on its leaders through the consensus of its members. If this proves impossible, a vote will be held.


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