Chief Ngozi Okonjo-Iweala optimistic for “one or two deliverables”. World ministers to discuss Ukraine crisis, overfishing, and Covid vaccines. India has demanded a 25-year exemption, which critics say would be catastrophic. The World Trade Organization’s chief expressed cautious optimism on Sunday as global trade ministers gathered to address food security issues such as Russia’s invasion … Read more
Members of the World Trade Organization began a week of “intense consultations” on Monday in the hopes of reaching a long-awaited agreement to remove subsidies that reward overfishing in time for next month’s ministerial conference. “The negotiations are at a very critical juncture,” WTO chief Ngozi Okonjo-Iweala stressed in a statement, after nearly 200 environmental … Read more
WASHINGTON: WTO chief Ngozi Okonjo-Iweala has warned about the “economic impacts” of the war in Ukraine, a major wheat exporter, which will hurt consumers around the world. “There’s going to be a big impact with respect to wheat prices and prices of bread for ordinary people as well,” she said at a virtual event with … Read more
For the first time, a woman has taken over the helm of the World Trade Organization (WTO), which oversees world trade and develops trade laws. According to reports, Ngozi Okonjo-Iweala, 66, from the African country of Nigeria, took over as director-general (DG) of the World Trade Organization on March 1. Ngozi Okonjo-Iweala was elected DG … Read more
For the first time in history, a female will hold the seat of the Managing Director (MD) in the World Trade Organization (WTO ) as the shortlisted candidates narrowed to only two. According to the details, the final two are South Korean trade minister Yoo Myung-hee and Nigeria’s former finance minister Ngozi Okonjo-Iweala. Whoever gets … Read more
