Home Uncategorized Nigeria’s former finance minister becomes first woman, African to lead WTO

Nigeria’s former finance minister becomes first woman, African to lead WTO

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Nigeria’s Ngozi Okonjo-Iweala was appointed Monday to head the director-general of the World Trade Organization.

Former Nigeria’s finance minister In her statement said there will be a need to get the world economy going again “implement the policy responses we need to get the global economy going again.”

“Our organization faces a great many challenges but working together we can collectively make the WTO stronger, more agile, and better adapted to the realities of today,” she said.

The President of United States Joe Biden had shown support to her candidacy, which doesn’t go down well with the former President Donald Trump when he was in office.

“The United States is committed to working closely with Director-General Okonjo-Iweala and she can count on the United States to be a constructive partner,” said Charge d’Affaires David Bisbee
South Korean trade minister Yoo Myung-hee had withdrawn her candidacy, leaving Okonjo-Iweala as the only choice.

The World Trade Organization is an international body that deals with the rules of trade between nations. At its heart are the WTO agreements, negotiated among the bulk of the world’s nations and ratified in their legislatures.

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