What reforms are needed for the WTO?
Yesterday afternoon at least two of the African candidates for the top job at the World Trade Organization went in for their interviews before delegates at its headquarters in Geneva in Switzerland.
Fri, 17 Jul 2020 10:46:28 GMT
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AI Generated Summary
- Two African candidates, Amina Mohamed and Ngozi Okonjo Iweala, interviewed for top job at WTO in Geneva.
- Analyst John Stremlau discusses the need for reforms at WTO and speculates on the US election impact on world trade.
- Speculation about Joe Biden's potential victory, Trump's handling of COVID-19, and China-US relations in the context of international trade.
Yesterday afternoon in Geneva, at least two African candidates, Amina Mohamed and Ngozi Okonjo Iweala, faced interviews before delegates at the World Trade Organization headquarters. Each candidate had 15 minutes to present their case for the top job, followed by a grilling session lasting 75 minutes by delegates on their vision for the future of world trade.
In a CNBC Africa interview, John Stremlau, Honorary Professor of International Relations, delved into the necessity of reforms at the WTO following these interviews. Stremlau pointed out the importance of having an African Secretary-General at the helm of the WTO. He speculated that out of the eight potential candidates, a consensus might be more achievable on a candidate from Nigeria due to potential vetoes against candidates from other countries. Stremlau highlighted the significance of ensuring a fair and competent leader for the pivotal role.
Looking beyond the WTO interviews, Stremlau shifted focus to the upcoming US elections and their potential impact on global markets and international trade. He expressed his doubts about a Republican victory, citing the current administration's handling of various crises. Stremlau emphasized his belief in a likely win for Democratic candidate Joe Biden, referencing recent poll predictions favoring Biden.
When discussing incumbent President Donald Trump, Stremlau criticized his leadership, labeling him as incompetent, inappropriate, and indecent in the history of the United States. He highlighted concerns about Trump's management of the COVID-19 pandemic and its repercussions on the economy. Stremlau also mentioned Trump's desperate tactics, including attempts to portray Biden as a socialist, as signs of a flailing campaign.
Addressing US-China relations, Stremlau acknowledged the complexities of engaging with a rising China. He stressed the importance of serious engagement with China, as seen during the Obama administration, which Biden has pledged to continue. Stremlau noted the intertwining of the Chinese and US economies and the need for a strategic approach to navigate the evolving dynamics in international trade.
As the US election draws near, Stremlau underlined the critical juncture faced by the United States and the global community. He cited the Black Lives Matter movement and the growing anti-Chinese sentiments as pivotal factors shaping the current political landscape. Stremlau's analysis encompassed the interplay of domestic issues in the US with broader implications for international relations and global trade.
In conclusion, Stremlau's insights shed light on the multifaceted challenges facing the WTO, the anticipated shifts in US leadership, and the intricate web of international relationships influencing world trade. The interviews in Geneva mark a crucial step in determining the future direction of the WTO, while the forthcoming US elections carry profound implications for global economic stability and diplomatic relations.