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reThe Director General of the World Trade Organization (WTO), Roberto Azevêdo, wants to resign at the end of August. The 62-year-old Brazilian said Thursday in Geneva that he would leave his post exactly one year before the end of his term for personal reasons.
He and his family made the decision to resign his post in 2013. According to diplomats, the interim successor could be German Karl Brauner. Brauner is a representative of Azevêdos.
The resignation of the South Americans takes place in turbulent times in terms of trade policy. The crown pandemic has dramatically reduced global trade in goods, and the United States under President Donald Trump is violently attacking the WTO. Negotiations for a new world trade agreement to strengthen developing countries, which had begun in Doha in 2001, were also unsuccessful.
As a result, the supervisory and regulatory authority, founded in 1995, lost its influence and authority. According to diplomats, Azevêdo could not be distinguished as a strong advocate of a rules-based international trading system.
