23:37 GMT14 June 2021
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    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.​

    "Regardless of how fulfilling these last 7 years have been for me, I must now end this cycle. As members start to shape the WTO's agenda for the new post-COVID realities, they should do so with a new Director-General," the director-general wrote.

    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.

    Tags:
    resignation, Roberto Azevedo, World Trade Organization (WTO)
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