Ngozi Okonjo-Iweala, Nigeria’s candidate for the position of the Director-General of the World Trade Organisation (WTO), has said that the organisation “delivered disappointingly” in major trade agreements.
“Meanwhile, some of its members have worked together on a raft of much broader regional trade deals that cover pressing issues such as the digital economy, investment, competition, the environment, and climate change.
“Over the last two decades, international trade has become a bogeyman for critics who blame it for the economic woes some countries face. But trade is not a zero-sum game: rights and obligations can be balanced, as the evolution of global and regional trading rules since 1948 has shown. The question facing the WTO and its members now, therefore, is how to make progress and reach mutually beneficial agreements.
Barely 24 hours after the announcement, the Egyptian government petitioned the AU Commission , and sought Mrs Okonjo-Iweala’s disqualification from the race. On June 15, the AU in its response to the Egyptians government’s petition said Mrs Okonjo-Iweala’s candidacy violated the extant rules of the organization, which requires the African representative in the race to emerge through an AU sanctioned consensus process.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECOWAS backs Okonjo-Iweala for WTO electionThe Economic Community of West African Countries (ECOWAS) has endorsed the candidacy of the former Coordinating Minister of Finance and Foreign Affairs, Ngozi Okonjo-Iweala, for the World Trade Organization (WTO) Director-General elections.
Read more »
WTO DG: ECOWAS endorses Okonjo-Iweala, lists reasons - Daily Post NigeriaThe Economic Community of West African States (ECOWAS) has endorsed Nigeria’s Ngozi Okonjo-Iweala, for the position of the Director-General of the World
Read more »
ECOWAS endorses Okonjo-Iweala for WTO DG
Read more »
ECOWAS endorses Okonjo-Iweala for WTO job - The Nation NigeriaThe Economic Community of West African States (ECOWAS) has thrown its weight behind the candidature of former Minister of Finance...
Read more »
ECOWAS Endorses Okonjo-Iweala for WTO DG, Seeks Africa, Others’ Support - THISDAYLIVEBy Obinna Chima The Heads of State and Governments of the 15 Economic Community of West African States (ECOWAS) have endorsed the candidature of Nigeria’s two-term former minister and erstwhile Managing Director (Operations) of the World Bank, Dr. Ngozi Okonjo-Iweala, for the position of the Director General of the World Trade Organisation (WTO). The West …
Read more »