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WTO COUNCIL TO CONSIDER DR. OKONJO-IWEALA

The World Trade Organization’s General Council is set to consider the appointment of the next Director-General.

Experts from various countries have expressed full confidence in the trade body’s first African and female Director-General Ngozi Okonjo-Iweala.

Dr. Ngozi Okonjo-Iweala became the sole candidate for the job after the second candidate, Yoo Myon Hee of Korea backed down from the contest.
The General Council has slated a special meeting for 15th February for the consideration of the next head of the organisation.

Experts believe that a fair and favorable trade environment will be built under her leadership.

For Professor Xiao Geng at Peking University’s HSBC Business School, the position of President Joe Biden’s administration might lead to the U.S. returning to multilateralism

Dean , Center for International Business Ethics at the University of International Business and Economics, Liu Baocheng, treating the WTO as a battleground will hurt its credibility.

The United States has expressed strong support for Dr. Okonjo-Iweala citing her experience at the world bank and leading Nigeria’s Finance Ministry.

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