March 3, 2024
#African News #Amazing facts #Celebrity #News #Profiles & Biography

What We Know About Ngozi Okonjo-Iweala’s Proposed Appointment as WTO Director-General

 

 

 

 

Nigeria’s former Finance Minister, Ngozi Okonji-Iweala has been recommended as the new Director-General of the World Trade Organisation (WTO).

Ngozi has continued to break records from the first-ever woman director-general to the first African likely to occupy the WTO’s office. For the first time in its 25-year history, the World Trade Organization might be led by a woman and an African woman at that.

WTO announced at the beginning of October that South Korea’s trade minister Yoo Myung-hee and former Nigerian finance minister qualified as the two finalists to become the next director-general. Okonjo-Iweala gathered 104 votes from 164 member countries to defeat South Korea’s trade minister.

Ngozi takes the sit from former director-general Roberto Azevedo who faced constant pressure from the U.S. Government. The U.S. made an accusation of unfair treatment during his tenure.

Ngozi Okonjo-Iweala was expected to be announced the winner today according to Bloomberg, the WTO has hit a major roadblock. The Trump administration has categorically said it will not back the appointment of Ngozi. This means the U.S. will act as a veto to disrupt the process.

Advertisement

If the general council cannot come to an agreement on a candidate, there’s a possibility of recourse to a vote as the last resort option. The U.S. trade representative Robert Lighthizer has pushed for South Korea’s trade minister Yoo Myung-hee.

Advertisement

If President Donald Trump wins the election which is set for next week, his administration plan to continue reshaping the WTO to resolve trade disputes.

 

 

Here’s an update from WTO:

 

 

 

 

 

 

Advertisement

Leave a Reply