WTO Gives Key Posts To Chinese, US Women
"); jQuery("#212 h3").html("
"); });
2021-05-05 HKT 02:30
The World Trade Organization has again chosen trade experts from China and the United States as deputies for its director-general, maintaining a delicate geopolitical balancing act which also keeps two fractious powers close at hand.
Two out of the four chosen are women, a first for the global trade watchdog. Their four predecessors, all men, stepped down on March 31.
Replacing their compatriots are Angela Ellard, an American lawyer and trade expert who has worked at the US Congress, and Zhang Xiangchen, currently vice trade minister and its former WTO ambassador, the WTO said in a statement.
France's WTO envoy Jean-Marie Paugam and Costa Rica's former trade minister Anabel Gonzalez were also selected, it said.
"It is the first time in the history of our organisation that half of the DDGs (deputy director-generals) are women," Ngozi Okonjo-Iweala said in the statement.
Okonjo-Iweala, who became director-general on March 1, is the first woman and African at the WTO helm.
"This underscores my commitment to strengthening our organisation with talented leaders whilst at the same time achieving gender balance in senior positions," she said.
Traditionally, WTO deputies come from the United States, European Union, Asia and a developing country. An Indian candidate Mohan Kumar had challenged China's Zhang for the Asia post this time.
Henry Gao, a law professor at Singapore Management University, said that Zhang's selection shows China's growing importance within the body which it joined in 2001.
"The post is used for updating the DG on what major powers think. You really need to know what China thinks," he said.
He added that the US and Chinese appointments could provide a channel for the two countries to discuss trade matters.
The WTO did not elaborate on the deputies' new roles. Responsibility for legal affairs dealing with trade dispute settlement, held previously by Germany's Karl Brauner, is seen by trade experts as among the most important. (Reuters)
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more