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Economic news for Thursday 11 February 2021
Source: reuters.com
2021-02-11
Nigerian Ngozi Okonjo-Iweala is expected to be chosen for the post
The World Trade Organization announced on Tuesday that its main decision-making body, the General Council, will meet on February 15 to decide on the next director general.
Nigerian Ngozi Okonjo-Iweala is expected to be chosen to fill a months-long leadership void in world trade surveillance after Washington overturned opposition last week. If confirmed by consensus, she will be the first woman and the first African to lead it.
The 164-member corps has been without a leader since the departure of Brazilian Roberto Azevedo a year ago in early August. Supporters hope she can revitalize the institution, which faces the biggest crisis in its 26-year history as members are unable to agree on trade deals and a reform agenda.
The American administration of Donald Trump had criticized the WTO and paralyzed some of its functions, in particular those of its main appeal body, which rules on trade disputes.
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