The World Trade Organization (WTO) has elected Ms. Okonjo-Iweala as its next General Director.
|The new General Director of WTO Okonjo-Iweala|
Okonjo-Iweala goes down in history after becoming the first woman, the first African citizen to hold the position of Director General of the WTO, the world’s largest multilateral trading organization.
Okonjo-Iweala was elected by WTO members as the organization’s next CEO after its only rival, South Korean candidate Yoo Myung-hee, decided to withdraw from the race earlier this month.
Speaking at a press conference, South Korean Trade, Industry and Energy Minister Yoo Myung-hee said that because WTO leadership had been vacant for too long, the organization’s future had become uncertain. In order to accelerate the consensus among member countries in the election of the new WTO Director-General, she decided to withdraw
Ms. Okonjo-Iweala also received strong support from many WTO members, including the European Union (EU), China, Japan and Australia. In October 2020, the WTO said the Nigerian candidate had received more support from its 164 member countries than the Korean candidate.
The chair of WTO General Director has been vacant since August 2019 until now after Mr. Roberto Azevedo resigned. The WTO is currently managed by four WTO Vice Directors.
Ngozi Okonjo-Iweala, born in 1954, is a famous Nigerian economist. She served as Nigerian Finance Minister for two terms (2003-2006 and 2011-2015) and briefly served as Nigerian Foreign Minister in 2006. Ms. Ngozi Okonjo-Iweala also served as director. operating the World Bank (WB) from 2007-2011.
Okonjo-Iweala graduated from Harvard University in 1976 with the dean of economics. She later earned her doctorate at Massachusetts Institute of Technology (MIT) in 1981. This Nigerian economist’s name stands out. in Washington DC when having more than 20 years working for WB. As World Bank CEO, Ms. Okonjo-Iweala has made many contributions to a series of development projects in Africa, Europe and Central Asia.
She is the advocate for the reform of the WTO. At the hearing in the presence of representatives of WTO member countries in July 2020, Ms. Okonjo-Iweala said: “My view is that a renewed and strengthened WTO organization will be truly credible. to effectively solve the problems that are going on ”.