The current director general of WTO will leave his post ahead of schedule. Goodbye! Azedor

category:Finance
 The current director general of WTO will leave his post ahead of schedule. Goodbye! Azedor


Azevido also thanks his family for their support, and said that after careful consideration, he decided to resign as director general and did not regret leaving office early. Azewido pointed out that affected by the epidemic situation, the 12th WTO Ministerial Conference was postponed to next year. If he completed his last years term of office, the selection process of the new director general would overlap with the preparation procedure for the 12th Ministerial Conference. Therefore, he chose to leave office early so that the WTO could elect a successor Director-General in advance.

Looking back on his seven-year tenure, azevido said that he would give himself 12 points under the scoring standard of 1 to 10 points. The agreement on trade facilitation was adopted at the Bali Ministerial Conference in 2013, and at the Nairobi Ministerial Conference two years later, all members agreed to abolish agricultural export subsidies.

However, the U.S. blocked the selection of new judges in the WTO Appellate Body, which led to the suspension of the appellate body and the basic paralysis of the WTO dispute settlement mechanism. Azevido stressed that the primary task at present is for all members to reach an agreement to prove that the multilateral trading system is still feasible. One of the major challenges facing WTO is the dispute settlement mechanism. If the dispute settlement mechanism can not operate normally, the WTO will not be able to fully play its functions. First, they will lose the tools to depoliticize issues and solve trade and economic problems. Secondly, they will lose the normal enforcement system, which will affect the negotiation rules. Members will consider how to ensure the implementation of the agreements reached.

Azevido also pointed out that the WTO has another big challenge, that is, how to use its rules to ease trade friction. Azevido also mentioned challenges in other areas, such as digital trade, e-commerce, SMEs and domestic service trade regulation. In the face of these challenges, azevido has also offered his own advice to the next director general, that is, be prepared to deal with anything that may change rapidly. It may be a political or natural event, a sudden catastrophe, or a virus from nowhere, which has led to the worst recession in recent years in a peaceful age. The WTO is seen as an organization that moves slowly and takes time to respond to emergencies, but it must be prepared to respond quickly. At present, the eight candidates for the new director general of WTO are in the election stage. According to WTO regulations, after azevido officially leaves office on August 31, a current deputy director general will serve as the acting director general until the appointment of a new director general. There are four deputy directors general of the WTO, namely, yunuf AGA of Nigeria, Karl Ernst Bronner of Germany, Allen Wolff of the United States and Yi Xiaozhun of China. The WTO is expected to reconvene the General Council before the end of July to decide on the candidate of acting director general. (Zhu He, chief reporter) extended reading media: Peng Pos Anti China Speech maliciously, but seriously injecting water, the seventeen Department issued a document: support more high-quality small and medium enterprises to visit the capital market. Xi Jinping came to FAW Group: we must promote our national brand. NB12679

Azevido also pointed out that the WTO has another big challenge, that is, how to use its rules to ease trade friction. Azevido also mentioned challenges in other areas, such as digital trade, e-commerce, SMEs and domestic service trade regulation. In the face of these challenges, azevido has also offered his own advice to the next director general, that is, be prepared to deal with anything that may change rapidly. It may be a political or natural event, a sudden catastrophe, or a virus from nowhere, which has led to the worst recession in recent years in a peaceful age. The WTO is seen as an organization that moves slowly and takes time to respond to emergencies, but it must be prepared to respond quickly.

At present, the eight candidates for the new director general of WTO are in the election stage. According to WTO regulations, after azevido officially leaves office on August 31, a current deputy director general will serve as the acting director general until the appointment of a new director general. There are four deputy directors general of the WTO, namely, yunuf AGA of Nigeria, Karl Ernst Bronner of Germany, Allen Wolff of the United States and Yi Xiaozhun of China. The WTO is expected to reconvene the General Council before the end of July to decide on the candidate of acting director general. (chief station reporter Zhu He)