General

S Korea seeks continued support for top WTO post

South Korea has sought Bangladesh’s continued support for Korean Trade Minister Yoo Myung-hee’s bid for the post of Director General of the World Trade Organization (WTO).

 

Korean Foreign Minister Kang Kyung-wha talked to her Bangladesh counterpart Dr AK Abdul Momen over phone on Tuesday and requested him to support the Korean candidate for the top post of the WTO.

 

“Yes, Korean side sought support from Bangladesh,” a senior official told UNB, mentioning that Bangladesh supported the Korean candidate in the first round.

 

The two Ministers also discussed other bilateral issues, including cooperation in the battle against the COVID-19 pandemic.

 

Yoo is competing with candidates from Nigeria, Kenya, Saudi Arabia and the United Kingdom in the second round of the elimination process, with the final result widely expected to be announced early next month.

 

On Saturday, Dr Liam Fox, the United Kingdom candidate for post of World Trade Organisation (WTO) Director-General talked to Foreign Minister Dr Momen over phone.

 

Dr Fox tweeted after his telephone conversation with the Foreign Minister saying “Great to talk to Bangladesh Foreign Minister.”

 

He said it was very much a meeting of “minds on the need for a more effective and dynamic” WTO.

 

On July 8, the United Kingdom nominated Dr Liam Fox for the post of WTO Director-General to succeed Roberto Azevêdo.

 

Former minister and leading Brexiteer Liam Fox remains in the running to be the new head of the World Trade Organization.

 

Three other contenders have been knocked out of the competition after failing to secure enough votes.

 

It means five candidates remain in the race to be the next director-general.

 

Fox would be the first British boss of the organisation, which regulates the terms of international trade.

 

British Prime Minister Boris Johnson tweeted his congratulations to Fox, saying the WTO “would be in excellent hands under his leadership”.

 

He has also won the support of his ministerial successor. Trade Secretary Liz Truss said she was “delighted” Fox remains in the race.

 

During this time, members will be asked in confidential consultations to express two preferences to the facilitators with an eye to bringing the number of candidates from five to two, according to WTO.

 

Following this process, another Heads of Delegations meeting will be called at which the results will be announced to the WTO membership.

 

The timetable for the third and final round of consultations will be announced at that time.

 

Source: United News of Bangladesh