Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Four candidates will face the music, starting with the only one from a developed economy: New Zealand's trade minister Tim Groser, followed by high-level United Nations executive Amina Mohamed of Kenya, Jordanian former trade minister Ahmad Thougan Hindawi and finally Herminio Blanco Mendoza of Mexico/FILE

Kenya

Candidates vie for WTO top spot, rejuvenate trade talks

Four candidates will face the music, starting with the only one from a developed economy: New Zealand's trade minister Tim Groser,  followed by high-level United Nations executive Amina Mohamed of Kenya, Jordanian former trade minister Ahmad Thougan Hindawi and finally Herminio Blanco Mendoza of Mexico/FILE

Four candidates will face the music, starting with the only one from a developed economy: New Zealand’s trade minister Tim Groser, followed by high-level United Nations executive Amina Mohamed of Kenya, Jordanian former trade minister Ahmad Thougan Hindawi and finally Herminio Blanco Mendoza of Mexico/FILE

GENEVA, Jan 29 – Candidates from nine mainly developing nations face off this week for the job of reviving stalled global trade talks as the new head of the World Trade Organization.

Six men and three women, many of them current or former government ministers, have thrown their hat into the ring to replace Frenchman Pascal Lamy as head of the WTO.

“It is very good for the organisation to have so many candidates with so much experience and knowledge of the WTO system,” agency spokesman Keith Rockwell told the Swiss news agency ATS Monday.

The candidates, the largest number to vie for the top post since the WTO was created in 1995, face the WTO’s general council over three days beginning Tuesday as the selection process gets underway.

The director general’s main mission is to help advance global trade negotiations that aim to spur growth by opening markets and removing trade barriers, including subsidies, excessive taxes and regulations.

The replacement to Lamy, who finishes his second four-year term in August, will be charged with trying to revive the so-called Doha Round of trade talks.

The Doha Round was launched in 2001 but has since encountered obstacles set in particular by China, the European Union, India and the United States.

Instead the momentum has moved to regional and bilateral trade deals.

As Lamy’s second term drew to a close, developing countries said it was time that one of their own gets another chance as WTO director general — something that is clearly reflected in the list of candidates put forward before the December 31 cut-off date.

“There is no advance voting in the regional groups (of WTO’s 158 member countries), but the principle that the next director general should be from a developing country enjoys broad support,” Rockwell told ATS.

Advertisement. Scroll to continue reading.

According to diplomatic sources, picking a WTO chief could meanwhile be complicated by the fact that another top UN job is opening up this year: to head the organisation’s trade and development body UNCTAD.

Nations often try to balance representation in international organisations.

The current UNCTAD head, Supachai Panitchpakdi of Thailand who is preparing to retire, also happens to be Lamy’s predecessor at the WTO, where he served a single term.

Since the WTO recently had an Asian chief, diplomatic sources suggest that the top post this time could go to Africa.

That could favour the first candidate to face the WTO’s general council Tuesday: Ghana’s former trade minister Alan John Kwadwo Kyerematen, who is currently is serving as a trade advisor at the UN Economic Commission for Africa and who is one of two African candidates.

The next candidate up to bat will be Costa Rica’s Foreign Trade Minister Anabel Gonzales — one of three candidates from Latin America, another heavily-tipped region — followed by Indonesia’s current tourism minister and former trade minister Mari Elka Pangestu.

Then on Wednesday, four candidates will face the music, starting with the only one from a developed economy: New Zealand’s trade minister Tim Groser.

He will be followed by high-level United Nations executive Amina Mohamed of Kenya, Jordanian former trade minister Ahmad Thougan Hindawi and finally Herminio Blanco Mendoza of Mexico.

Advertisement. Scroll to continue reading.

Pages: 1 2

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...