fbpx
Friday, November 29, 2024
3.2 C
Tallinn
spot_img

Ngozi Okonjo-Iweala Officially Reappointed for Second Term as WTO DG

GENEVA — World Trade Organization (WTO) members on Friday officially unanimously approved Ngozi Okonjo-Iweala for a second four-year term as Director-General, extending her leadership through 2029.

The decision, which was made at WTO special General Council meeting, underscores broad support for Okonjo-Iweala’s vision of trade as a tool for global economic growth and resilience.

The General Council of the WTO stated that the reappointment will take effect on September 1, 2025.

The Council said it agreed by consensus to reappoint Okonjo-Iweala as DG for a second four-year term, stressing that the decision reflects broad recognition of her exceptional leadership and strategic vision for the future of the WTO.

It further explained that the reappointment process, initiated on October 8, 2024, was overseen by Ambassador Petter Ølberg of Norway, Chair of the General Council.

“With no additional nominations submitted by the November 8 deadline, Dr. Okonjo-Iweala stood as the sole candidate. The process was conducted in a fully open and transparent manner, adhering to the WTO’s ‘Procedures for the Appointment of Directors-General’ (WT/L/509).

“During a special General Council meeting on November 28-29, 2024, Dr. Okonjo-Iweala outlined her forward-looking vision for the WTO. Following her presentation and a Q&A session with members, the Council formally endorsed her reappointment by consensus.”

“The General Council commends Dr. Ngozi Okonjo-Iweala for her outstanding leadership during her first term. Amid significant global economic challenges, she strengthened the WTO’s ability to support its members and set a forward-looking agenda for the organization. Her leadership was instrumental in securing meaningful outcomes at pivotal moments, including the 12th and 13th Ministerial Conferences (MC12 and MC13), where major milestones were achieved.”

Her first term concludes on August 31, 2025.

In her acceptance statement on Friday, Okonjo-Iweala, who made history in 2021 as the WTO’s first African and female leader, expressed gratitude for the trust placed in her.

“I am deeply honored by the trust and support of the WTO General Council and its 166 Members,” she said.

“It is a privilege to continue serving as Director-General for a second four-year term.”

Her reappointment comes at a time when the WTO faces challenges, including the aftermath of the COVID-19 pandemic, ongoing geopolitical tensions, and debates over trade policies in a rapidly shifting global economy.

During her tenure, Okonjo-Iweala has pushed for greater inclusivity in trade negotiations, reforms to streamline dispute settlements, and measures to address global crises, such as supply chain disruptions and vaccine equity.

“She has proven to be a consensus builder during some of the WTO’s most difficult times,” said Zhang Xiangchen, a Deputy Director-General of the WTO.

“Her leadership has been pivotal in restoring the organization’s relevance on the global stage.”

Looking ahead to her second term, which begins on September 1, 2025, Okonjo-Iweala pledged to continue delivering tangible results for WTO members and citizens worldwide.

“By promoting trade as a driver of economic growth and resilience, the WTO will continue to provide a collaborative platform for Members to address shared global challenges,” she asserted.

“I am deeply honoured by the trust and support of the WTO General Council and its 166 Members. It is a privilege to continue serving as Director-General for a second four-year term.

“In recent years, the WTO has played a vital role in helping Members navigate pressing global challenges, including the pandemic, conflict, and heightened geopolitical tensions. I commend Members for their hard work and determination in achieving progress despite unprecedented levels of uncertainty and rapid economic shifts.

“As we look ahead, I remain firmly committed to delivering results that matter—results that ultimately improve the lives of people around the world. By promoting trade as a driver of economic growth and resilience, the WTO will continue to provide a collaborative platform for Members to address shared global challenges.

“I am deeply committed to working alongside the talented and dedicated staff of the WTO to build a more inclusive, equitable, and rules-based multilateral trading system that benefits all,” She concluded.

 

Editor: Gabriel Ani

Hot this week

Police Killed 24, Detained 1,200 During #EndBadGovernance Protests — Amnesty

The Amnesty International has said that the Nigeria Police...

Pidgin Diplomacy: Presidents Macron and Tinubu Celebrate Nigeria-France Partnership

In an exchange on X, French President Emmanuel Macron...

France and Nigeria: A Partnership Between Equals Supporting Our Strategic Autonomy

In the present era, international relations are often framed...

EU Welcomes Ceasefire Agreement Between Israel and Lebanon

BRUSSELS — The European Union (EU) has expressed strong...

Oando Appoints New Directors

Lagos — Oando PLC, a leading indigenous energy company...

Latest

Police Killed 24, Detained 1,200 During #EndBadGovernance Protests — Amnesty

The Amnesty International has said that the Nigeria Police...

Pidgin Diplomacy: Presidents Macron and Tinubu Celebrate Nigeria-France Partnership

In an exchange on X, French President Emmanuel Macron...

France and Nigeria: A Partnership Between Equals Supporting Our Strategic Autonomy

In the present era, international relations are often framed...

EU Welcomes Ceasefire Agreement Between Israel and Lebanon

BRUSSELS — The European Union (EU) has expressed strong...

Oando Appoints New Directors

Lagos — Oando PLC, a leading indigenous energy company...

EFCC Slams Another ₦80.2 Billion Fraud Charges Against Ex-Kogi Governor Yahaya Bello

ABUJA, Nigeria (CHATNEWSTV) — The Economic and Financial Crimes...

Nigerians Contributed Over N68 Billion in Visa Fees To British Government — Embassy Data

LAGOS, Nigeria (CHATNEWSTV) — Nigerians have contributed more than...

Op-Ed: Reuben Abati And Other Anti-Igbo Bigots In Nigeria By Chuks Iloegbunam

Anti-Igbo rhetoric is on the rise inside Nigeria. Only...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

Senate Passes Tinubu’s Controversial Tax Reform Bills

ABUJA, Nigeria (CHATNEWSTV) — The Nigerian Senate on Thursday passed for a second reading four contentious tax reform bills proposed by President Bola Ahmed...

Rivers Governor Begins Payment of N85,000 Minimum Wage

PORT HARCOURT, Nigeria (CHATNEWSTV) — Governor Siminalayi Fubara of Rivers State has fulfilled his promise to implement a new minimum wage, with state workers...

WTO, ITC Celebrates $16.6 Million FIFA World Cup Legacy Fund Pledge to Women Exporters in Digital Economy

GENEVA – The World Trade Organization (WTO) and the International Trade Centre (ITC) on 27 November celebrated a historic pledge from the FIFA World...

SEC Blacklists Marino FX, Cautions Nigerians Against Transactions

The Securities and Exchange Commission, SEC, has cautioned the public against conducting business with Marino FX Ltd., saying the company is not registered or...

Anambra Executive Council Approves Tax Exemptions For The Poor, Awards Contracts For Critical Infrastructure

AWKA, Nigeria (CHATNEWSTV) — The Anambra State Executive Council (ANSEC) has approved tax exemptions for businesses with capitals below ₦100,000 and devolved more sanitation...

Gov Mbah Presents Record N971bn 2025 Budget to Enugu House of Assembly

Governor of Enugu State, Dr. Peter Mbah, has proposed a record N971bn budget bill for the 2025 fiscal year to the Enugu State House...

CBN Raises Interest Rate to 27.50% Amid Rising Inflation Concerns

ABUJA, Nigeria (CHATNEWSTV) — The Central Bank of Nigeria (CBN) has increased the nation’s interest rate by 25 basis points, raising it to 27.50%...

EU Council Approves €192.7 Billion EU Budget for 2025

The Council of the European Union has approved the joint text for the EU’s general budget for 2025, finalizing commitments of €192.768 billion and...

Nigeria’s GDP Grows by 3.46% in Q3 2024, Says NBS

The Statistician General of the Federation, Adeyemi Adeniran, says Nigeria’s Gross Domestic Product, GDP, growth rate in real terms (constant price) rose by 3.46...