Home News Finance Okonjo-Iweala Set to Secure Second Term as WTO Director-General
FinanceNews

Okonjo-Iweala Set to Secure Second Term as WTO Director-General

385
Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization

Nigeria’s Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation, is set to secure a second term as Director-General without facing any opposition.

The confirmation came on Saturday from Norwegian Ambassador Petter Olberg, chair of the WTO’s General Council, that Okonjo-Iweala stands unopposed, as no other nominations were received by the recent deadline. With 166 member countries on board, the Nigerian economist is on a clear path for reappointment by consensus.

Okonjo-Iweala announced her candidacy for re-election in September after a first term that saw spirited efforts in global trade.

She emerged as the DG of WTO in March 2021 as the first female and African head of the 30-year-old international trade organisation. Her current term expires on 31 August 2025. She noted that her new priorities for the second term include concluding a deal on ending subsidies on fisheries, achieving a breakthrough in global agriculture negotiations, decarbonising trade, and reforming the WTO’s struggling dispute system.

Her first term came after opposition from then-U.S. President Donald Trump, who supported a South Korean candidate. But President Joe Biden’s administration later paved the way for her historic appointment.

If confirmed, Okonjo-Iweala’s second term will officially begin in September 2025, with the stewardship of the global trade body extending to 2029.

Read Also: Burkina Faso Passes Bill to Ease Prison Overcrowding Through Community Service

Canada Scraps Automatic 10-Year Multiple-Entry Visa For Nigerians, Other Foreign Nationals

Phoenix Fury Wins Best Film Award At 13th AFRIFF

 

About The Author

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Senate Will Approve Use of Taxpayers' Money for Presidential Jet on Tinubu's Request — Akpabio
News

Federal High Court Stops Akpabio, Natasha from Granting Media Interviews

The Federal High Court in Abuja has restrained Senator Natasha Akpoti-Uduaghan, Senate...

United States tariff on Nigerian exports
FinanceNews

China Imposes 34% Tariff on U.S. Goods in Retaliation to Trump’s Trade Policy

China has imposed a 34 per cent retaliatory tariff on U.S. goods....

President Bola Tinubu is set to leave Abuja on Monday for a brief working visit to France, according to a statement issued by Ajuri Ngelale, the presidential spokesperson.
NewsPolitics

President Tinubu and VP Shettima Leave Official Duties, Depart for France and Senegal

President Bola Tinubu and Vice President Kashim Shettima have departed Nigeria on...

News

DR Congo: M23 Rebels Withdraw from Walikale Ahead of Peace Talks  

M23 rebels have withdrawn from Walikale, an important town in the eastern...