Mexico confident as WTO leadership race wraps up

Image
AFP Geneva
Last Updated : May 06 2013 | 10:00 PM IST
The team behind Mexican Herminio Blanco expressed confidence today that he would take the helm of the WTO thanks to his track record in trade diplomacy and business, plus support among rich and poor nations alike, and despite reports that Brazilian rival Roberto Azevedo was the frontrunner.
"We're not crying victory, but we're very, very confident," a senior Mexican diplomatic source as the Geneva-based World Trade Organization prepared to wrap up the contest pitting Blanco against Brazil's Roberto Azevedo.
"It wouldn't be responsible today to talk about the number of votes," the source added.
Frenchman Pascal Lamy, a former European Union trade chief, bows out on September 1 after two four-year terms as director general of the WTO.
The name of his successor is expected to be revealed Wednesday, or possibly on Tuesday, and the race is being watched closely because the WTO's chief faces the tough task of reviving long-stalled global trade liberalisation talks.
With little to separate the candidates in terms of vision for breaking the deadlock in the 159-member WTO's "Doha Round" negotiations, the diplomatic guessing game is mounting.
The Doha Round, launched at a summit in Qatar in 2001, aims to open markets and remove trade barriers such as subsidies, excessive taxes and regulations, in order to harness international commerce to develop poorer economies.
But the concessions needed have sparked clashes notably between China, the EU, India and the United States, and Lamy's replacement will need to build bridges.
"We've got support from all countries, whether least-developed, developing or developed, and from all regions," the Mexican source said.
Blanco, a 62-year-old economist, has a heavyweight reputation.
He was Mexico's negotiator for the 1994 North American Free Trade Agreement, served as a minister of commerce and also boasts solid private sector credentials.
"He's someone who generates a vast consensus among member countries, and inspires confidence in the business world," the source said.
But 55-year-old Azevedo could benefit from his insider status.
He has been Brazil's WTO ambassador since 2008, after working as a chief litigator in high-profile trade disputes, making him well placed to navigate the system to try to clear the Doha logjam.
Like Mexico, Brazil repeatedly has flagged up its candidate's broad support across nations and economic levels.
According to the Brazilian newspaper Estado, the government's diplomatic soundings put Azevedo's support at some 106 of the 159 WTO nations.
EU member states were reportedly split, with Portugal, Spain, Italy and France pro-Azevedo, and Britain backing Blanco.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 06 2013 | 10:00 PM IST

Next Story