Categories: World

WTO Director-General Steps Down

The World Trade Organisation (WTO) is the largest international economic organisation currently comprising 164 member states.

The Director-General of the World Trade Organisation (WTO), Roberto Azevedo, has announced that he will resign on 31 August, a year earlier than planned.

Azevedo has headed the Geneva-based trade body since 2013. He has been serving a second term which was scheduled to end in August 2021.

According to his statement, he has made this decision for personal reasons and in the interests of the WTO.​

The WTO is the largest international economic organisation in the world. It was officially founded on 1 January 1995 when 123 nations signed the Marrakesh Agreement which replaced the 1948 General Agreement on Tariffs and Trade.

Sourse: sputniknews.com

WTO Director-General Steps Down

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