Category Archives: World Trade Organization

WTO DG: Successful entrepreneur, Aliko Dangote endorses Okonjo-Iweala

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President of Dangote Group, Aliko Dangote, has endorsed the former Minister of Finance and Economy, Dr. Ngozi Okonjo-Iweala, for the World Trade Organisation (WTO) Director General position.

The endorsement comes ahead of the second phase of the selection process on September 7, 2020.

Dangote wrote in a tweet yesterday: โ€œA vote for her by all is a step in the right direction. I fully endorse the candidature of Okonjo Iweala-Iweala to lead the WTO.

โ€œIn these challenging times, WTO needs the renowned skills and tested experience of Dr. Ngozi Okonjo-Iweala to lead the organisation through identified obstacles and strengthen its position as the prime facilitator of international trade. โ€

The candidate said: โ€œI think I have the wind behind my back. I have had constructive conversations all around. Now there is an appetite and recognition for reform beyond where the WTO is now. I am passionate about how trade lifts millions from poverty.โ€

The former Nigerian minister is one of eight candidates (and one of three women) in the fray for the post of the WTO Director General.


#Newsworthy…

Top Story: 3 Africans up for WTO top job

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After the chief of the World Trade Orgnization Roberto Azevedo stepped down on Monday, the organization is facing multiple crisis without a captain to steer the ship.

While the situation could drag on for several months, the race to find his replacement is on.

Eight candiadtes have put their name into the hat to replace him, including three from the African continent.

The hopefuls are Kenya’s Amina Mohamed, Egypt’s Abdel-Hamid Mamdouh, Nigeria’s Ngozi Okonjo-Iweala and Eypt’s Abdel-Hamid Mamdouh.

If either of the first two candidates are selected, it could be not just the first African to take the helm of the WTO, but also the first woman in the role.

Two Europeans, two Asians and one Latin American are also vying for the top job.

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But the role comes at a tough time.

The coronavirus pandemic has hammered global trade and who ever succeeds Azevedo will also have to curb trade tensions between the United States and China.

The global trade body also faces attacks from Washington, which has crippled the WTO dispute settlement appeal system and has also threatened to leave.

The WTO has two main roles. It negotiates trade deals between its 164 members and also acts as a mediator for any disputes between countries.

Azevedo leaves the WTO to join Pepsi.

SOURCE: NOBLE REPORTERS MEDIA


#Newsworthy…