Saturday, April 27, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

IT’S OFFICIAL: Okonjo-Iweala appointed WTO DG — first ever female and African

IT’S OFFICIAL: Okonjo-Iweala appointed WTO DG  — first ever female and African
February 15
15:21 2021

Ngozi Okonjo-Iweala has been appointed as the director-general of the World Trade Organisation (WTO).

Okonjo-Iweala’s appointment was announced on Monday by the Geneva-based organisation.

“Ngozi Okonjo-Iweala from Nigeria is appointed as the next WTO Director-General. Dr Okonjo-Iweala makes history as the first woman and the first African to lead the WTO,” the WTO announced on Twitter.

“Her term starts on the 1st of March 2021.

Advertisement

“WTO members took the decision to appoint @NOIweala at a special meeting of the General Council, following a selection process that included eight candidates from around the world.”

Advertisement

All WTO member countries except the US had voted Okonjo-Iweala as their preferred candidate in 2020.

However, the United States said it favoured her opponent; South Korea’s Yoo Myung-hee because the WTO needs someone with real, hands-on experience in the field

During the candidates’ presentation stage, Egypt had also kicked against Okonjo-Iweala’s nomination.

Egypt and the AU’s Office of Legal Counsel had opined that Okonjo-Iweala’s nomination violated the candidature guidelines provided by the AU.

Advertisement

However, the WTO told TheCable that the former World Bank managing director is eligible to run for the office.

The former Nigerian minister for finance emerged from a shortlist of five which was selected from a pool of eight candidates.

Advertisement

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.