July 18, 2024
Business News

Kilkenny’s Phil Hogan pulls out of race to become World Trade chief

Ireland’s Commissioner to the EU, Klikenny’s Phil Hogan, has pulled out of the race to become the new World Trade Organisation’s (WTO) Director-General.

Mr Hogan made the announcement this morning, stating “the World Trade Organisation is in crisis” and has returned to his position as Trade Commissioner of the European Union.

Commissioner Hogan said: “The recent surprising decision by the Director-General, Roberto Azevêdo, to retire early should be seen as an opportunity for political leaders globally to seize this chance to make changes to the rules, the functions and structure of WTO in order to meet the demands of 21st century trade.

“So, a new Director-General of the WTO should be appointed without delay. However, in recent days, it has become evident that the original timeline for this appointment in early September 2020 will be delayed and therefore create uncertainty in the leadership of the organisation at this critical time.

“The current global trade challenges should require all members to work together. Regrettably, this is not happening today.

“Accordingly, I have decided that I will not be putting my name forward for the position of Director-General of the World Trade Organisation.

“I have informed the President of the Commission today. In consultation and approval of President Von Der Leyen, I will return to my duties of Trade Commissioner with immediate effect. We will work together to implement our important work programme on behalf of our EU Citizens as well as implementing our Trade Agenda with renewed vigour,” Commissioner Hogan added.



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