Tag: World Trade Organisation

6Nov

By Chinedu IbeakanmaNo Comments

Breaking News, Communication, Economy, Finance, Nigeria, Trade, United States of America

WTO Postpones Meeting to Pick New DG

The World Trade Organisation on Friday postponed a meeting where members are expected to pick a new Director-General. The postponement is coming days after the United States declined to support the favored candidate, Ngozi Okonjo-Iweala. The organization earlier announced that the meeting would hold next week but a communication sited by AFP showed that the meeting has been postponed indefinitely. “It has come to my attention that for reasons including the health situation and current events, delegations will not be in a position to take a formal decision on 9 November,” the head of the selection committee told member states. “I am therefore postponing this meeting until further notice during which period I will continue to undertake consultations with delegations,” he added....

Opinion: 5 Reasons Why President Trump won’t Support Okonjo-Iweala as Next WTO Director General – Blessing Mene

31Oct

By adminNo Comments

Africa, China, Economy, Features, Finance, Nigeria, Trade, United States of America, Women Empowerment

Opinion: 5 Reasons Why President Trump won’t Support Okonjo-Iweala as Next WTO Director General – Blessing Mene

This is an opinion article by Blessing Mene. People who want Okonjo-Iweala to become the next WTO Director-General mostly are excited about the prospect of the first female & African to lead the WTO. But President Trump doesn't think that way, here are five secret reasons why President Trump won't support Okonjo-Iweala: 1. He thinks from the perspective of Nationalism and his biggest interest is to have a WTO leader who will stand up to China and other countries leveraging loopholes in the WTO to supposedly "take advantage" of America. Look at how Trump is reshaping to the US Supreme Court and Federal Courts. 2. President Trump's a radical conservative who is currently looking to end the influence of liberals and globalism. That's why he got elected in the first place. He doesn'...

Buhari Assures Okonjo Iweala of Support for WTO Job

12Oct

By Chinedu IbeakanmaNo Comments

Economy, Finance, Nigeria

Buhari Assures Okonjo Iweala of Support for WTO Job

President Muhammadu Buhari has restated the efforts of his administration in ensuring that former Minister of Finance, Dr Ngozi Okonjo-Iweala, emerges the Director-General of the World Trade Organisation (WTO). Buhari who gave the assurance when he received Okonjo-Iweala at the Aso Rock Villa, Abuja said she deserved all Nigeria has to offer because she had also served the country diligently. “I assure you that we will do all that we can to ensure that you emerge as the Director-General of WTO, not only because you are a Nigerian, but because you are a hardworking Nigerian. You deserve this,’’ Buhari affirmed. The President assured he will make more phone calls and send letters to some world leaders for more support. “I did the same for Dr Akinwunmi Adesina for Presid...

Okonjo-Iweala Makes Final Two in WTO Race

8Oct

By Chinedu IbeakanmaNo Comments

Africa, African Development, Finance, News, Nigeria, Women Empowerment

Okonjo-Iweala Makes Final Two in WTO Race

Former Minister of Finance Ngozi Okonjo-Iweala has made it to the final stage of the race to the office of the Director General of the World Trade Organisation (WTO). Mrs. Iweala made the final cut with South Korea’s Yoo Myung-hee, Bloomberg reports. Okonjo-Iweala has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunisation. Yoo is South Korea’s trade minister. During her 25-year career in government, she has helped expand her country’s trade network through bilateral accords with the U.S., China and the U.K. WTO General Council Chairman David Walker will formally announce the results to the institution’s delegates today in Geneva. United Kingdom’s Li...