Next Director General of WTO announced

Posted on: 22/05/2013

The election of Brazilian Roberto Azevedo as Director-General of the World Trade Organization (WTO) is another Latin American triumph on the international stage.  He will replace Pascal Lamy whose term of office expires on 31 August 2013.

Nine candidates were originally nominated by their respective governments for the post of WTO Director-General but on the 14th May 2013 Azevedo was formally announced to take over the leadership of the 159 country strong Trade Organization.

The World Trade Organisation (WTO) is the only body that regulates international trade setting, among other things the Rules of Origin and Valuation.  It was set up in 1995 to establish a permanent organisation for implementing international trade agreements and setting up a dispute settlement body.  Its origins go back to 1948 when the General Agreement on Tariffs & Trade (GATT) first started. 

It became the WTO on 1st January 1995 and currently has 159 member countries (March 2013). It deals with the regulation of international trade by providing a framework for negotiating and formalising trade agreements.  The dispute resolution process is aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments.  See www.wto.org

Brazil’s Ambassador Roberto Carvalho de Azevedo will be the 1st Latin American leader in the WTO's history – and hopefully he will be able to move the 2001 Doha Development Round back onto the stage and continue the WTO’s plans of liberating commerce multilaterally limped to life, eventually stalling by 2008 after the global financial crisis.

 

Read news article  Read WTO statement

 

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