BY RAYMOND COLITT & RANDALL WOODS
Latin America’s two largest nations are vying for economic and diplomatic clout as their candidates face off as finalists to head the World Trade Organization.
The WTO is scheduled to name by May 8 the first director- general from Latin America in its 18-year history. It will choose between Roberto Azevedo, Brazil (BZGDGDP4)’s representative to the Geneva-based group, and Herminio Blanco, a former Mexico trade minister who led the nation’s negotiations for the North American Free Trade Agreement with the U.S. and Canada. The winner will replace the outgoing WTO chief, France’s Pascal Lamy, in September.
The race is a contest for diplomatic prowess as Mexico draws on its faster growth and more open economy to fortify its candidate, said Michael Shifter, president of Inter-American Dialogue in Washington. Analysts polled by Bloomberg forecast Mexico will outgrow its southern peer for the third straight year in 2013, reversing a trend that allowed Brazil to pull ahead as ... Read More