Thursday, September 28, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Biz Plus

WTO chief set to launch internal shake-up to revitalize organization

AFPbyAFP
February 2, 2022, 7:50 pm
in Biz Plus, Business
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

Geneva, Switzerland—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 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.

The Nigerian former finance and foreign minister—the WTO’s first woman and first African leader—wants to revitalize the organization, which is struggling to conclude trade deals and facing several towering challenges.

“Like all of her predecessors as director-general, Dr Ngozi took office promising to update the secretariat’s structure and operations,” a WTO official told AFP, adding that the global trading environment was now drastically different from the mid-1990s.

“She is moving ahead with that promise she made to members.”

Part of Tuesday’s meeting “was about briefing colleagues about what is happening with this process, and plans for the next few months”, the official said.

The WTO headquarters, a classical-style 1920s building next to Lake Geneva, counts 625 staff—mainly economists, lawyers, and other international trade policy specialists.

As decisions in the WTO are taken in consensus by its 164 members, the secretariat’s main tasks are to provide advice, technical help to developing countries, and legal assistance in the dispute resolution process.

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.

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.

According to the Swiss newspaper Le Temps, the restructuring moves so far have not gone down well.

“Already, three heads of division have resigned and three others have announced their early retirement,” the daily said, citing difficult working conditions, conflicts, and a lack of consultation by the hierarchy.

One of those on the way out is the WTO’s long-standing communications chief Keith Rockwell, who is due to leave at the end of May—a year-and-a-half ahead of his mandatory retirement.

He told AFP he was leaving “for personal reasons related to health and family.”

Le Temps reported that the head of WTO’s trade negotiations committee and its human resources chief were also going.

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.

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 organization shows it has a relevant role to play in combatting the pandemic.

Tags: Keith RockwellNgozi Okonjo-IwealaWorld Trade Organization
ADVERTISEMENT
AFP

AFP

Related Posts

Philippine stocks rose for sixth trading day

byManila Standard Businessand1 others
September 28, 2023, 4:41 pm
0
8
Market advances; Metrobank, BDO up

Philippines stocks extended their gains to sixth straight trading day on continued bargain hunting and foreign buying. The Philippine Stock...

Read more

Cebu Pacific discloses plan to acquire Boeing fleet

byDarwin G. Amojelar
September 28, 2023, 4:12 pm
0
8
World population reaches 8 billion and still growing but at slower pace

Cebu Air Inc., operator of low-cost carrier Cebu Pacific, said Thursday it plans to purchase narrow-body aircraft  from US plane...

Read more

Filinvest Land to dissolve 2 units

byJenniffer B. Austria
September 28, 2023, 2:50 pm
0
8
Filinvest Land raises P10b from fixed-rate bonds

Property developer Filinvest Land Inc. (FLI) said Thursday it will dissolve two subsidiaries to streamline its corporate structure. FLI said...

Read more

PSA deploys ‘PhilSys on Wheels’ to remote areas

byManila Standard Business
September 28, 2023, 11:37 am
0
8
PSA deploys ‘PhilSys on Wheels’ to remote areas

The Philippine Statistics Authority (PSA) said Thursday it is amplifying efforts to register Filipinos residing in far-flung areas to the...

Read more

PPP Code nears enactment

byManila Standard Business
September 28, 2023, 11:31 am
0
8
PPP Center pushing metro subway mode

The Public-Private Partnership (PPP) Center said Thursday it welcomes the ratification of the Bicameral Conference Committee Report on the disagreeing...

Read more

Finastra, Tonik renew digital banking tie-up in the Philippines

byManila Standard Business
September 28, 2023, 11:25 am
0
8
Neobank Tonik says deposits surpass P5b

Finastra renewed its partnership to power Tonik’s end-to-end core banking capabilities with Finastra Essence in the Philippines. Under the new...

Read more

Print Edition

View More

Recent Posts

  • Philippine stocks rose for sixth trading day
  • Gilas counters Thai shooting with inside dominance
  • Cebu Pacific discloses plan to acquire Boeing fleet
  • Cebuana Lhuillier Bank joins forces with Temenos to revolutionize financial services for Filipinos
  • Ham Seo Hee sees ONE world title as ‘final achievement’ to illustrious career 
  • Filinvest Land to dissolve 2 units
  • Misamis Occidental Governor underscores peace and order as keys to progress
  • In divided US, women crisscross country for abortion care

Advertisement

Latest News

Filinvest Land to dissolve 2 units

byJenniffer B. Austria
September 28, 2023, 2:50 pm
0
8
Filinvest Land raises P10b from fixed-rate bonds

Property developer Filinvest Land Inc. (FLI) said Thursday it will dissolve two subsidiaries to streamline its corporate structure. FLI said...

Read more

Misamis Occidental Governor underscores peace and order as keys to progress

byManila Standard
September 28, 2023, 2:23 pm
0
8
Misamis Occidental Governor underscores peace and order as keys to progress

From being a hotbed of crime in the South, Governor Henry S. Oaminal shared how the success of peace and...

Read more

In divided US, women crisscross country for abortion care

byAFP
September 28, 2023, 2:00 pm
0
8
In divided US, women crisscross country for abortion care

A year after the US Supreme Court abolished nationwide access to abortion care, many American women are settling into a...

Read more

Ukraine claims 30 drones downed in major Russian UAV attack

byAFP
September 28, 2023, 1:11 pm
0
8
Rapper Drakeo the Ruler fatally stabbed at LA festival

The Ukrainian military claimed on Thursday that Russia had launched a "massive" drone attack overnight and that more than 30...

Read more

‘Dame Time’ in Milwaukee as NBA Blazers trade Lillard to Bucks

byManila Standard Sports
September 28, 2023, 12:58 pm
0
8
‘Dame Time’ in Milwaukee as NBA Blazers trade Lillard to Bucks

Damian Lillard will now be a teammate to Giannis Antetokounmpo of the Milwaukee Bucks. AFP Los Angeles (AFP) -- Damian...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App