Pascal Lamy was elected as general director of the WTO

---

"Pascal Lamy" was elected as general director of the WTO - The director general of the World Trade Organization (WTO), the French Pascal Lamy, was elected Thursday to pursue a second term of four years by the 153 members of the multilateral agency, AFP noted.

Lamy, head of the WTO since September 2005, was the only candidate in competition, something unprecedented in the history of that insttiucion established in 1995.

Pascal Lamy - general director of the WTO

Lamy, 62, promised Wednesday that if elected his "highest priority" would be the conclusion of the Doha Round of global trade liberalization.

A difficult challenge, but was further complicated by the protectionist measures adopted by many countries since the aggravation of the global economic crisis late last year.

The Doha Round was launched in 2001 and is mainly hindered by the differences between developing countries, demanding further opening of agricultural markets in rich countries, which in turn demand more access for their industrial products and goods services in the rest of world.

Other related news on Finance Blog :

The White House takes up this case car