{"id":36127,"date":"2022-02-02T03:30:12","date_gmt":"2022-02-01T22:30:12","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=36127"},"modified":"2022-02-02T01:34:23","modified_gmt":"2022-02-01T20:34:23","slug":"wto-set-for-internal-shake-up","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/wto-set-for-internal-shake-up\/","title":{"rendered":"WTO set for internal shake-up"},"content":{"rendered":"<p>Geneva, Feb 1 (AFP\/APP):The World Trade Organization was to launch an internal shake-up on Tuesday in a bid to inject some life into an institution where progress has all but ground to a halt.<\/p>\n<p>Almost a year since taking charge at the WTO, director-general Ngozi Okonjo-Iweala was set to announce to its headquarters a plan to restructure the secretariat, which has hardly changed since the global trade body was created in 1995.<\/p>\n<p>The Nigerian former finance and foreign minister &#8212; the WTO&#8217;s first woman and first African leader &#8212; wants to revitalise the organisation, which is struggling to conclude trade deals and facing several towering challenges.<\/p>\n<p>&#8220;Like all of her predecessors as director-general, Dr Ngozi took office promising to update the secretariat&#8217;s structure and operations,&#8221; a WTO official told AFP, adding that the global trading environment was now drastically different from the mid-1990s.<\/p>\n<p>&#8220;She is moving ahead with that promise she made to members.&#8221;<br \/>\nPart of Tuesday&#8217;s meeting &#8220;was about briefing colleagues about what is happening with this process, and plans for the next few months&#8221;, the official said.<\/p>\n<p>&#8211; Resignations and retirement &#8211;<\/p>\n<p>The WTO headquarters, a classical-style 1920s building next to Lake Geneva, counts 625 staff &#8212; mainly economists, lawyers and other international trade policy specialists.<\/p>\n<p>As decisions in the WTO are taken in consensus by its 164 members, the secretariat&#8217;s main tasks are to provide advice, technical help to developing countries, and legal assistance in the dispute resolution process.<\/p>\n<p>After taking office in March 2021, Okonjo-Iweala commissioned management consultants McKinsey to perform an external audit on how the secretariat works, and provide guidance on the changes needed.<\/p>\n<p>It meanwhile remains unclear what specific observations and recommendations were made in the report, which has not been published or even provided to member states.<br \/>\nAccording to the Swiss newspaper Le Temps, the restructuring moves so far have not gone down well.<br \/>\n&#8220;Already, three heads of division have resigned and three others have announced their early retirement,&#8221; the daily said, citing difficult working conditions, conflicts and a lack of consultation by the hierarchy.<\/p>\n<p>One of those on the way out is the WTO&#8217;s long-standing communications chief Keith Rockwell, who is due to leave at the end of May &#8212; a year-and-a-half ahead of his mandatory retirement.<\/p>\n<p>He told AFP he was leaving &#8220;for personal reasons related to health and family.&#8221;<\/p>\n<p>Le Temps reported that the head of WTO&#8217;s trade negotiations committee and its human resources chief were also going.<\/p>\n<p>The restructuring comes as the WTO faces a host of challenges, from its long-time inability to conclude major trade deals to a broken dispute settlement system and rising trade tensions between the United States and China.<\/p>\n<p>The WTO has also so far been unable to reach a deal on the lifting of Covid vaccine patents, called for by many demanding that the organisation shows it has a relevant role to play in combatting the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Geneva, Feb 1 (AFP\/APP):The World Trade Organization was to launch an internal shake-up on Tuesday in a bid to inject some life into an institution where progress has all but ground to a halt. Almost a year since taking charge at the WTO, director-general Ngozi [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":36128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[16515],"class_list":["post-36127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news","tag-wto-set-for-internal-shake-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WTO set for internal shake-up<\/title>\n<meta name=\"description\" content=\"WTO set for internal shake-up\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pni.net.pk\/en\/latest-business-news\/wto-set-for-internal-shake-up\/\" \/>\n<meta name=\"twitter:card\" 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