Investing.com - Financial Markets Worldwide
Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

UPDATE 1-In message to U.S., Nigerian candidate says time to fix WTO not quit

Published 15/07/2020, 17:11

(Adds background)
GENEVA, July 15 (Reuters) - Nigeria's candidate to head the
World Trade Organization urged U.S. President Donald Trump or
his successor on Wednesday not to leave the Geneva-based body,
saying reforms were possible.
Washington has been a regular critic of the WTO and is along
with other members is urging reforms to its 25-year-old global
trade rule book. It has also blocked appointments to its top
appeals court, paralysing its functions.
However, despite Trump's plans to leave another Geneva-based
body, the World Health Organization, over its handling of the
COVID-19 pandemic, U.S. government sources say his
administration remains committed to reforming the WTO, not
abandoning it altogether.
"Surely it's not the time now to leave a WTO that matters.
We need an institution that can promote a rules-based
system...," Ngozi Okonjo-Iweala told a news briefing when asked
for her message to the current U.S. president or any future one.
"Don't leave now. Let's try to fix what needs fixing."
Okonjo-Iweala is one of eight candidates competing to become
the trade watchdog's next leader and has been taking questions
from the WTO's 164 members in Geneva this week.


Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.