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BREAKING: WTO Reappoints Ngozi Okonjo-Iweala For Second Term As Director-General

Bello Akin by Bello Akin
November 29, 2024
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BREAKING: WTO Reappoints Ngozi Okonjo-Iweala For Second Term As Director-General
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The World Trade Organization (WTO) has announced the reappointment of Ngozi Okonjo-Iweala as its Director-General for a second term, a move that underscores her continued leadership in global trade governance. The WTO confirmed the decision in a statement posted on X (formerly Twitter) on Friday, revealing that the reappointment will officially take effect on September 1, 2025.

Dr Ngozi Okonjo Iweala, DG of World Trade Organization.

 

Okonjo-Iweala, who became the first African and first woman to lead the WTO when she was appointed in March 2021, has played a pivotal role in steering the organization through challenging global economic issues, including the impacts of the COVID-19 pandemic, vaccine equity, and the ongoing trade disruptions due to geopolitical tensions. Her leadership has been credited with revitalizing the WTO’s influence and its ability to address pressing global trade issues.

Dr Ngozi Okonjo Iweala with Prime Minister of India, Nerandra Modi.

 

The decision to extend her tenure comes as the organization continues to navigate the complexities of international trade amidst growing protectionism, economic volatility, and the rise of new economic powerhouses. Okonjo-Iweala’s reappointment is seen as a vote of confidence in her ability to drive necessary reforms within the WTO and to champion multilateral trade cooperation on the world stage.

Dr Ngozi Okonjo Iweala with Chinese President Ji Ping

 

Throughout her first term, Okonjo-Iweala has advocated for more inclusive and equitable trade policies, focusing on making the WTO a more relevant and effective institution for both developed and developing economies. Her second term promises to build upon these efforts, with a strong focus on ensuring that global trade works for all nations, especially the most vulnerable.

Dr Ngozi Okonjo Iweala with President of the United States Of America, Joe Biden.

 

As the WTO prepares for this new phase of leadership, international observers will be closely watching how Okonjo-Iweala navigates the evolving global trade landscape, particularly in areas like climate change, digital trade, and reforming trade rules to adapt to the modern global economy.

Dr Ngozi Okonjo Iweala at the reappointment ceremony in the World Trade Organization

 

 

 

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