Breaking News

WTO Confirms Okonjo-Iweala As Director-General

Estimated Reading Time: 1

Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala has been confirmed as the next Director-General of the World Trade Organisation.

She is the first woman and the first African to lead the international trade body.

Her term is scheduled to start on March 1.

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.

“I look forward to finalising the process,” Okonjo-Iweala said on February 6 after securing the Biden administration’s support.

The organisation is also eager to conclude the 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.

Okonjo-Iweala has said her priorities include getting long-blocked trade talks on fishery subsidies across the finish line and breathing life back into WTO’s Appellate Body.

Twice Nigeria’s finance minister (2003-2006 and 2011-2015) and its first female foreign minister in a two-month stint in 2006, Okonjo-Iweala is seen as a trailblazer

Leave a Comment

Your email address will not be published. Required fields are marked *

*