Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Vowing reform, Kenyan emerges as one of early WTO frontrunners

Published 20/07/2020, 18:21
Updated 20/07/2020, 18:24

By Emma Farge
GENEVA, July 20 (Reuters) - Kenya's candidate to the World
Trade Organization's (WTO) top post said on Monday she is
seeking Washington's backing and expressed some sympathy with
its criticism of the global body as she emerges as one of two
reform-minded African female frontrunners.
Amina Mohamed told Reuters a closed-door vetting session
last week went "really well" as she outlined her platform to
steer the body out of crises from global trade tensions and
rising protectionism to a COVID-induced dive in business.
Delegates say Mohamed, a 58-year-old minister and former WTO
chair, is one of the favourites alongside Nigeria's Ngozi
Okonjo-Iweala to replace Brazil's Roberto Azevedo as director
general, although weeks of campaigning lie ahead.
The WTO has never been led by a woman or an African.
"The rulebook needs to be upgraded because of the concerns
that are being expressed about the rules not being fit for
purpose," she said, adding that resuming the top appeals court
would be a priority and that she hoped this would be on the
agenda of the next major WTO meeting in 2021.
The United States has paralysed the Appellate Body by
blocking new judges.
In an apparent nod to Washington, she referred to concerns
about the body's "overreach".
Asked if that meant she sympathised with the U.S. position,
she said: "Those concerns that have been raised, they would not
have been raised if they did not have solid reason to raise
them."
The U.S. mission did not immediately respond to a request
for comment.
Mohamed's supporters say she combines deep WTO knowledge
with a drive to overhaul its 25-year-old rules. "The difference
between me and them is I have worked this system," she said.
However, she must win over those African countries who have
expressed support for Okonjo-Iweala. Over the past week, countries have been hosting Geneva
cocktail parties to showcase candidates.
The WTO eliminates them in batches, starting with those
unlikely to win consensus from 164 members.
For a Factbox, see here: L8N2D7249

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

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.