fbpx
Business InfluxBusiness InfluxBusiness Influx
  • SEND US A STORY
Wednesday, February 1, 2023
No Result
View All Result
NEWSLETTER
Business Influx
  • Home
  • Breaking News
  • Local News
  • Business
  • Global News
  • Technology
  • Entertainment
  • Crime Watch
  • Opportunities
  • Opinion
  • Home
  • Breaking News
  • Local News
  • Business
  • Global News
  • Technology
  • Entertainment
  • Crime Watch
  • Opportunities
  • Opinion
No Result
View All Result
Business Influx
No Result
View All Result
Home Breaking News

BREAKING: WTO appoints Okonjo-Iweala as new Director-General

by Editor
February 15, 2021
in Breaking News, Business
2 min read
100 8
0
WTO appoints, Okonjo-Iweala, Director-General
70
SHARES
251
VIEWS
Share on FacebookShare on Twitter

Ngozi Okonjo-Iweala has been appointed the new chief of the World Trade Organization, becoming the first woman to ever lead the Switzerland-based institution and the first African citizen to take on the role. However, this is not the first time that Okonjo-Iweala makes history.

Born in Nigeria, Okonjo-Iweala graduated from Harvard University in 1976 and then earned a PhD from MIT. She then became the first woman to take on the Nigerian finance ministry and the foreign ministry too. She was also the first female to run for the World Bank presidency, where she spent 25 years.

RelatedPosts

NDLEA Appoints MC Oluomo as WADA Ambassador

New Dress Code for Nigeria Female Police Officers

Baba Ijesha Denies Sexually Assaulting Minor at 7

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.

Her vision for the WTO

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.

Officials in the European Union and the United States have previously said the WTO needs to be reformed and its rules updated, but there is no consensus on how to do it.

READ ALSO: Bill Gates to invest 2 billion dollars to avert climate change

“The WTO appears paralyzed at a time when its rule book would greatly benefit from an update to 21st century issues such as e-commerce and the digital economy, the green and circular economies,” Okonjo-Iweala said.

She is also likely to support female participation in global trade, having said that “greater efforts should be made to include women-owned enterprises in the formal sector.”

Sleeping on the floor

Okonjo-Iweala has said she can take hardship, having experienced Nigeria’s brutal civil war during her teenage years, during which her family reportedly lost all their savings.

“I can take hardship. I can sleep on the cold floor anytime,” she told the BBC in an interview in 2012.

When serving as Nigeria’s finance minister, kidnappers demanded Okonjo-Iweala resign after taking her mother hostage. She refused to comply and they ended up releasing her mother a few days later, the BBC reported.

She has also been involved in the fight against the coronavirus pandemic, being the African Union’s special envoy on the matter. Okonjo-Iweala has been a board member of Gavi, the Vaccine Alliance – a public-private health partnership immunizing people in poorer countries.

BusinessInflux

Tags: Okonjo-IwealaWTO

Editor

Business Influx Editor

Related Posts

NDLEA Appoints MC Oluomo as WADA Ambassador

NDLEA Appoints MC Oluomo as WADA Ambassador

by Nafisat Adeagbo
March 4, 2022
0

The National Drug Law Enforcement Agency, NDLEA has appointed and decorated Musiliu Akinsanya popularly known as MC Oluomo, National Union...

New Dress Code for Nigeria  Female Police Officers

New Dress Code for Nigeria Female Police Officers

by Nafisat Adeagbo
March 4, 2022
0

The Acting PRO of The Nigeria Police Force, CSP Olumuyiwa Adejobi has announced the new and improved dress code for...

Recommended

APC, PDP trade words over Kogi guber election

3 years ago

The How-To Home Website Encourages Couples to fairly share Smiles Through Preparing and Crafts

3 weeks ago

Popular News

    Connect with us

    • SEND US A STORY
    We are glad you read from us today.

    © 2021 Business Influx - Nigeria's most up-to-date news website Business Influx .

    No Result
    View All Result
    • Breaking News
    • Home
    • Business
    • Local News
    • Global News
    • Technology
    • Health
    • Crime Watch
    • Entertainment
    • Sports
    • Education
    • Opinion
    • Opportunities
    • Live Statistics for COVID-19(CORONAVIRUS)

    © 2021 Business Influx - Nigeria's most up-to-date news website Business Influx .

    Login to your account below

    Forgotten Password?

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Posting....
    • Zile Libere Legale De La Stat 2020
    • Yessettle Legal Services Llp
    • Wvu Minor Requirements
    • Workshop Safety Rules for Students
    • Woofer Sound Definition
    • Wisconsin Residency Requirements for Covid Vaccine
    • Will Luke Wilson Be in Legally Blonde 3
    • Why Must States Honor the Laws of Other States
    • Why Is Delta 8 Legal in Wisconsin
    • Why Are Steroids Legal in Bodybuilding
    • Who Makes the Rules about the Legality of Lobbying
    • Who Has Locus Standi in Administrative Law
    • Who Are Legal Authorities
    • Which of the Gestalt Laws Is Similar to the Law of Common Fate Brainly
    • Which Methods Are Legal Hits in Volleyball
    • Which Article Is Related to Right to Property
    • Where Is It Legal to Own a Sea Otter
    • Where Can I Find Good Articles
    • When Using Financing the Company Incurs a Legal Obligation to Repay the Amount Borrowed
    • When Did It Become Legal to Marry Interracial Uk