September 11, 2005

WTO and The International Trade...





The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.

Pascal Lamy
Director-General, WTO


Pascal Lamy is the fifth Director-General of the WTO. His appointment took effect on 1 September 2005 for a four-year term.

Pascal Lamy is a graduate of France's leading business school, the Ecole des Hautes Etudes Commerciales (HEC), the Paris Institute of Political Studies ("Sciences Po") and the ENA civil service college (Ecole Nationale d'Administration). He began his career in the civil service at the French Finance Ministry's auditing agency, the Inspection générale des Finances, and the Treasury Department. He later became adviser to Economics and Finance Minister, Jacques Delors, and to Prime Minister Pierre Mauroy.

From 1984 to 1994, Mr Lamy worked in Brussels as chief of staff (chef de cabinet) to Commission President, Jacques Delors, representing him at the G7. In November 1994 he joined the Crédit Lyonnais, where under Jean Peyrelevade he helped restructure the bank, becoming its number two. After the privatisation of Crédit Lyonnais, Mr Lamy was appointed in July 1999 by Romano Prodi and the French government to the European Commission. In September 1999 the European Parliament confirmed him as Trade Commissioner.

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