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Trade Minister Bark Tae-ho will sign up as a candidate for director-general of the World Trade Organization, the ministry said Friday.
"The government has decided that Trade Minister Bark Tae-ho will run for WTO director-general to be elected by late May next year. His candidacy will be registered through the Permanent Mission of the Republic of Korea to the U.N. Secretariat and International Organizations in Geneva," the ministry said in a statement.
Incumbent WTO director-general Pascal Lamy’s term expires on Aug. 31, 2013. The new chief’s four-year term begins the next day. The WTO director-general can serve up to two consecutive terms.
In consideration of the technical complexity of trade negotiations, the candidate’s personal capabilities are the main qualifications required for election as the WTO chief.
By Kim So-hyun
(sophie@heraldcorp.com)
"The government has decided that Trade Minister Bark Tae-ho will run for WTO director-general to be elected by late May next year. His candidacy will be registered through the Permanent Mission of the Republic of Korea to the U.N. Secretariat and International Organizations in Geneva," the ministry said in a statement.
Incumbent WTO director-general Pascal Lamy’s term expires on Aug. 31, 2013. The new chief’s four-year term begins the next day. The WTO director-general can serve up to two consecutive terms.
In consideration of the technical complexity of trade negotiations, the candidate’s personal capabilities are the main qualifications required for election as the WTO chief.
By Kim So-hyun
(sophie@heraldcorp.com)
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