Mexico gives up OECD in campaign to head World Trade Organization
Reuters
Published Jul 10, 2020 02:56PM ET
MEXICO CITY (Reuters) - The head of the Organisation for Economic Co-operation and Development (OECD), Angel Gurria of Mexico, said on Friday he will not seek re-election, in a move apparently aimed at bolstering the chances of Mexico's candidate to lead the World Trade Organization.
Responding to the announcement, Mexico's Foreign Ministry said the country was committed to defending multilateralism as a policy priority.
"Angel Gurria has announced that he will not seek re-election in the OECD, but Mexico is promoting the candidacy of Dr. Jesus Seade to lead the WTO," a spokesman said. "He has the necessary profile, after the successful negotiation of the USMCA to advance with present and future challenges of the WTO."
Seade, who led his government's team to conclude negotiations of the United States-Mexico-Canada Agreement (USMCA) trade deal, is currently in Geneva and likely to present his candidacy to the body next week.
Eight candidates are vying for the top job. With three of the six previous director-generals coming from Europe and the others from Thailand, Brazil and New Zealand, pressure has been building to choose a leader from Africa.
Gurria said on Twitter that he would continue to work until June 2021.
Get The News You Want
Written By: Reuters
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.