Categories: LatestTop Stories

WTO Set to Announce Okonjo-Iweala as Director General Monday

Nigeria’s Ngozi Okonjo-Iweala will be formally appointed as the director-general of the World Trade Organisation on Monday.

The WTO has called a special general council meeting at which the former Nigerian finance minister and World Bank veteran is expected to be formally coronated as the global trade body’s new director-general.

The 66-year-old will be the first woman and the first African to occupy the position.

The organisation is eager to conclude a drawn-out process, having been leaderless since Brazilian career diplomat Roberto Azevedo stepped down last August, a year ahead of schedule.

The process of picking one of eight candidates to succeed him had been expected to wrap up by November, but the administration of former US president Donald Trump blocked the consensus to appoint Okonjo-Iweala.

US President Joe Biden strongly swung behind her candidacy shortly after the only other remaining contender, South Korean Trade Minister Yoo Myung-hee, pulled out.

During the presidential campaign, Mr. Biden had promised to reject his predecessor’s antagonism toward multilateral institutions, therefore encouraging the other 163 WTO members to delay for months a final decision on the next director general until the new administration came into power.

For Okonjo-Iweala, gaining the backing of the United States is the start of what will be a long and tedious assignment. The COVID-19 pandemic and the resultant ascendancy of economic nationalism will be a test for the new incoming WTO Chief.

Okonjo-Iweala has made it clear that her first priority would be to ease the flow of goods, particularly protective gear, drugs and vaccines, at a time when countries are hoarding supplies.

Follow us on:

AriseNews

Recent Posts

Iran’s Supreme Leader Threatens ‘Crushing Response’ To US And Israeli Actions Amid Ongoing Tensions

Iran's Supreme Leader has warned the US and Israel of a "crushing response" following an…

1 hour ago

Kemi Badenoch Wins Conservative Leadership, Vows Party Renewal, A Return to Traditional Values

Kemi Badenoch has pledged to "renew" the Conservative Party and reclaim voters as she was…

6 hours ago

Peter Obi Criticises Court Ruling Halting Rivers State Funds, Calls for Reversal

Peter Obi has criticised the court ruling withholding funds to Rivers State, calling it disturbing…

12 hours ago

AGF Fagbemi Takes Over Prosecution of #EndBadGovernance Protesters Amidst Allegations of Treason

AGF Fagbemi has taken over the prosecution of 114 #EndBadGovernance protesters, addressing alleged treason and…

12 hours ago

NNPC, ONHYM Advance African Atlantic Gas Pipeline Project Amid Regional Collaboration

NNPC and Morocco's ONHYM has advanced the $26 billion African Atlantic Gas Pipeline, emphasising regional…

12 hours ago

TCN Restores Power Supply Through Gombe-Damaturu-Maiduguri Line

TCN has restored power on the Gombe-Damaturu-Maiduguri line, fully operational again after vandalism halted service.

12 hours ago