Video PlayerClose by Martina Fuchs GENEVA, Aug. 5 (Xinhua) — Eygpt’s candidate to lead the World Trade Organization (WTO) has called for the reactivation of the Geneva-based body’s negotiation function, saying “the world needs a strong WTO” to help it recover from the coronavirus crisis. Egypt’s Abdel-Hamid Mamdouh, one of the three Africans vying for the top post of director-general at the WTO, told Xinhua that reviving the organization’s negotiation function was paramount. The main function of the WTO, which deals with the global rules of trade between nations, is to ensure that trade flows as smoothly, predictably and freely as possible. Mamdouh, an attorney at the King & Spalding and former WTO official, previously led trade negotiations in the General Agreement on Tariffs and Trade (GATT), the forerunner of the WTO. During the Uruguay Round negotiations, his responsibilities included legal matters relating to the negotiation and drafting of the General Agreement on Trade in Services (GATS). In his statement to the General Council in July, Mamdouh stressed that the conversation about reforms should not be about “the future of the WTO”, but about “the WTO of the future”. The post of WTO chief became vacant after the incumbent WTO… Read full this story
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