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WTO Director-General Azevedo Reportedly Plans to Step Down Before Term's End in 2021

© AP Photo / Fabrice CoffriniThe shadow of a sculpture is reflected on the World Trade Organisation, WTO sign near the entrance of the headquarters, in Geneva (File)
The shadow of a sculpture is reflected on the World Trade Organisation, WTO sign near the entrance of the headquarters, in Geneva (File) - Sputnik International
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MOSCOW (Sputnik) - World Trade Organisation (WTO) Director-General Roberto Azevedo intends to depart from his post before the end of his term in 2021 amid the crisis of the organization’s dispute-settlement system, Bloomberg reported on Thursday, citing people familiar with the matter.

Azevedo has served as the WTO chief since September 2013, and his second four-year term started in September 2017.

Bloomberg reported that one of Azevedo's four deputies — Yonov Frederick Agah of Nigeria, Karl Brauner of Germany, Alan Wolff of the United States and Yi Xiaozhun of China — might serve as an interim caretaker until the end of his term in 2021.

Financial Markets Wall Street Download Comp  Tag as... Cancel Apply Back to search results3of26,228 results FINANCIAL MARKETS WALL STREET Overview Download now   Trader Fred DeMarco, left, works with colleagues in a booth on the floor of the New York Stock Exchange, Thursday, March 22, 2018. Stocks are falling sharply and bond prices are climbing after the Trump administration moved to place tariffs on some goods imported from China and restrict Chinese investment.  - Sputnik International
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The report comes as the WTO is coming through a crisis in its system for resolving disputes between its members after Washington paralysed it by blocking new appointments to the seven-member Appellate Body last year.

US President Donald Trump said that the WTO needed a major reform and suggested that Washington might withdraw from the organisation.

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