• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

WTO may seek to reappoint chief ahead of Trump presidency

by November 12, 2024
written by November 12, 2024

By Emma Farge

GENEVA (Reuters) -The World Trade Organization plans a special meeting of its top decision-making body later this month where a call could be made on the reappointment of its Director-General Ngozi Okonjo-Iweala, a document showed on Tuesday.

Trade sources said such a meeting appeared to be a route that could fast-track the months-long appointment process to avoid any risk of it getting blocked by U.S. President-elect Donald Trump, whose teams and allies have criticised both Okonjo-Iweala and the trade watchdog in the past.

A WTO document sent by the General Council chair said the first day of the Nov. 28-29 meeting would allow Okonjo-Iweala, a former Nigerian finance minister, to present her vision for the 166-member organisation and answer delegates’ questions. The second day “could then provide an opportunity for Members to take a decision on the appointment of the next Director-General”, it said.

Okonjo-Iweala is the sole candidate for the job but some have observed that the WTO’s lengthy reappointment process could allow for U.S. President-elect Donald Trump’s team to oppose her candidacy.

In 2020, Trump’s administration sought to block her first term. She secured U.S. backing only when President Joe Biden succeeded Trump in the White House.

Those who follow the trade body say it is likely to face a messy, recriminatory period for trade under Trump, who has promised to impose a 10% tariff on all imports and higher rates on countries such as China.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Brazil central bank warns of extended rate-hike cycle if inflation expectations worsen
next post
EU calls on Apple to stop geo-blocking practices on Apple Media Services

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Netflix says its ad tier now has 94 million monthly active users

      May 15, 2025
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025
    • YouTube will stream NFL Week 1 game in Brazil for free

      May 15, 2025
    • 5 new Uber features you should know — including a way to avoid surge pricing

      May 15, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (463)
    • Stock (6,426)

    Latest News

    • Netflix says its ad tier now has 94 million monthly active users
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

    Popular News

    • Hyatt in exclusive talks with Playa Hotels on options, including buyout
    • Brazil development bank gets $690 million loan from China

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy