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BREAKING: Okonjo-Iweala is WTO director-general

by 21st Century Chronicle
February 15, 2021
in Breaking News
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Nigeria’s Ngozi Okonjo-Iweala has been appointed the Director General of the World Trade Organisation (WTO).

Dr Okonjo-Iweala by the appointment, becomes the first woman to ever lead the Switzerland-based institution and the first African to take on the role.

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In October, her WTO candidacy was supported by all geographic regions at the trade body apart from the United States, where the then-Trump administration said it would continue backing the Korean candidate.

However, Okonjo-Iweala’s appointment was cleared when President Joe Biden announced a few days ago his support for the 66-year old.

The WTO is at a crossroads after many countries seemed to take a step back from long-standing norms governing international trade. In addition, its appellate body has been paralyzed for months after the U.S. — again, under the Trump administration — prevented the appointment of new judges therefore rendering it unable to rule on any trade disputes.

“My vision is also of a rejuvenated and strengthened WTO that will be confident to tackle effectively ongoing issues,” Okonjo-Iweala told WTO members during a hearing in July.

“It is clear that a rules-based system without a forum in which a breach of the rules can be effectively arbitrated loses credibility over time,” she said at the same hearing.

 

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