Tuesday, November 24

Tag: WTO

WTO Postpones Meeting To Pick New DG
News

WTO Postpones Meeting To Pick New DG

The World Trade Organisation (WTO) is postponing a meeting next week where members were to try to pick a new director-general. There is almost no chance of succeeding in picking a new chief after Washington blocked the favoured candidate, Nigeria’s former finance, Ngozi Okonjo-Iweala. The WTO’s 164 member states had been due to gather Monday to choose between two remaining candidates to head the crisis-wracked organisation. But the head of the selection committee, set up to help with the process, told members Friday the meeting would need to be postponed, according to AFP. “It has come to my attention that for reasons including the health situation and current events, delegations will not be in a position to take a formal decision on 9 November,” General Council chair, Davi...
AU Chair, Ramaphosa, Thanks WTO For Transparent Process. Okonjo-Iweala Reacts
Politics

AU Chair, Ramaphosa, Thanks WTO For Transparent Process. Okonjo-Iweala Reacts

South African President & Chairperson of the African Union 2020, Matamela Cyril Ramaphosa has congratulated members of the World Trade Organisation on the peaceful and transparent process leading to the nomination of its new Director-General, Dr. Ngozi Okonjo-Iweala. Ngozi Okonjo-Iweala reacts; Your Excellency @CyrilRamaphosa, your unflinching support and that of @_AfricanUnion for continued progress in @wto DG position is much appreciated. Thank you for your statement. #positivityalltheway
WTO Leadership Race Hits New Hurdle As Geneva Lockdown Returns
Politics

WTO Leadership Race Hits New Hurdle As Geneva Lockdown Returns

The World Trade Organization’s effort to select a new leader next week could be delayed for at least another month because of the rapid spread of Covid-19 in Switzerland. On Sunday Geneva’s cantonal authorities announced strict new lockdown measures amid a surge in infections and hospitalizations in the Swiss city. From Nov. 2 until Nov. 29, the area will prohibit public and private events of more than five people. The development could further disrupt the WTO’s ability to confirm Nigeria’s Ngozi Okonjo-Iweala as the first African and first woman to lead the organization in its 25-year history. While some in-person meetings may become virtual, senior WTO officials are discussing whether to postpone their plan to make a formal decision on Okonjo-Iweala’s appointment at a genera...
Okonjo-Iweala: Buhari Had Video Conference With Charles Michel Of EU Council
Politics

Okonjo-Iweala: Buhari Had Video Conference With Charles Michel Of EU Council

President Muhammadu Buhari Friday held a video conference with Mr Charles Michel, President of the European Council, during which the latter reiterated Europe’s support for Nigeria’s Dr Ngozi Okonjo-Iweala as the next Director-General of the World Trade Organisation (WTO). The President is leading Nigeria’s charge for Okonjo-Iweala, the country’s former Minister of Finance, to emerge as the first Black and female WTO DG. President Buhari thanked the European Council for its support for Nigeria’s candidate. Also discussed during the conference were issues bordering on debt relief for Africa, EU-African relations and recharge of the Lake Chad, which has currently shrunk to less than one-third of its usual size, and throwing about 130 million people who depend on the Lake into di...
WTO: FG Moves To Counter US Position On Okonjo-iweala
Politics

WTO: FG Moves To Counter US Position On Okonjo-iweala

As the world awaits the outcome of the final consensus decision on the next World Trade Organisation, WTO, there are indications that Nigerian government may have started diplomatic actions to head-off opposition from the United States of America, USA, against the emergence of Nigeria’s Okonjo-Iweala for the job. A source at the Ministry of Trade and Investment told Vanguard yesterday that the government was taking steps to prevent USA’s opposition from snowballing into adverse swing in the support base for Nigeria’s nominee. Earlier, Okonjo-Iweala had received endorsement from the majority of the voting members of the WTO giving her a clear lead over the contending candidate, South Korea’s trade minister, Mrs Yoo Myung-hee. But sources close to the WTO as well as western medi...
European Union Backs Okonjo-iweala For WTO DG
News

European Union Backs Okonjo-iweala For WTO DG

The European Union (EU) has said it is backing Nigeria’s candidate and the country’s former Finance Minister, Dr. Ngozi Okonjo-Iweala, to head the World Trade Organisation (WTO), sending a signal of trust in Africa. An EU official disclosed this to Reuters yesterday. Okonjo-Iweala and South Korean trade minister, Yoo Myung-hee, are vying to be the first female leader in the WTO’s 25-year history, replacing Brazilian Roberto Azevedo, who quit a year earlier than expected at the end of August. The EU governments had before the final stage of the race for the WTO leadership race expressed support for Okonjo-Iweala and the South Korean candidate, Yoo Myung-hee. Indeed, the latest EU’s support for Okonjo-Iweala is considered a strong signal to reinforce the multilateral order an...
Okonjo-Iweala Vs Yoo Myung-Hee: WTO Leadership Down To The Final 2 Candidates
News

Okonjo-Iweala Vs Yoo Myung-Hee: WTO Leadership Down To The Final 2 Candidates

World Trade Organization members selected two final candidates -- Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee -- to advance to the final round in the race to lead the Geneva-based trade body, according to people familiar with the matter. By advancing two women to the final round of the selection process, the WTO will likely have the first female director general in its 25-year history. Okonjo-Iweala served two stints as Nigeria’s finance minister and one term as foreign affairs minister. She has experience working at international international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization. Yoo is South Korea’s trade minister. During her 25-year career in government, ...
European Union Backs Okonjo-Iweala For WTO Job – Bloomberg
Entertainment

European Union Backs Okonjo-Iweala For WTO Job – Bloomberg

European Union governments will support the Nigerian and South Korean candidates to lead the World Trade Organization as the race enters its final month. EU member-country envoys agreed on Monday in Brussels to endorse Ngozi Okonjo-Iweala, Nigeria’s former finance minister, and Yoo Myung-hee, South Korea’s trade chief, in their bids to become WTO director-general, according to an official familiar with the matter. Hungary swung behind the planned recommendation after being the only EU country to withhold support at a lower-level meeting last Friday of officials representing the 27-nation bloc, the person said on the condition of anonymity because the deliberations were confidential. Five candidates are still in the running to the lead the WTO. It plans to announce two finalists ...
Okonjo-Iweala Is Favourite As WTO Narrows Aspirants To 2 Tuesday
Politics

Okonjo-Iweala Is Favourite As WTO Narrows Aspirants To 2 Tuesday

Nigeria’s former finance minister, Ngozi Okonjo-Iweala remains the favourite for the job of director-general of the World Trade Organisation as the body’s General Council meets next Tuesday to reduce the five candidates still in the race to two. Okonjo-Iweala; Saudi Arabia’s former minister of economy and planning, Mohammad Maziad Al-Tuwaijri; UK’s former secretary of state for international trade, Liam Fox; South Korea’s Trade Minister, Yoo Myung-hee; and Kenya’s former international trade minister, Amina Mohamed are the aspirants still in the race. Three candidates, including Mexico’s Jesus Seade, Egypt’s Hamid Mamdouh, and Moldova’s Tudor Ulianovschi were dropped last month as the Geneva-based organisation said they did not secure enough support in a first of three rounds of v...
Dangote endorses Ngozi Okonjo-Iweala for World Trade Organization DG Job
Politics

Dangote endorses Ngozi Okonjo-Iweala for World Trade Organization DG Job

Africa's richest man, Aliko Dangote has endorsed former finance minister Ngozi Okonjo-Iweala to replace Brazil’s Roberto Azevedo, as the Director-General of the World Trade Organization next year.   Aliko Dangote took to Twitter to show his support for Mrs. Okonjo-Iweala, who is one of the candidates vying for the position which became vacant following the resignation of Roberto Azevedo on Monday, August 31.   Dangote tweeted: "In these challenging times, the World Trade Organisation needs the renowned skills and tested experience of  Ngozi Okonjo-Iweala to lead the organisation through identified obstacles and strengthen its position as the prime facilitator of international trade.   He added: "A vote for her by all is a step in the right direction. I ...
FG Insists Ngozi Okonjo-iweala Remains Nigeria’s Candidate For WTO DG
Politics

FG Insists Ngozi Okonjo-iweala Remains Nigeria’s Candidate For WTO DG

Nigeria has said that former Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, remains its candidate for the position of the Director General of the World Trade Organisation (WTO). According to it, Nigeria, like other sovereign states, reserves the right to nominate, withdraw or replace a candidate for any position, especially when a consensus has not been agreed to endorse a single candidate. The federal government made its position known in a Note Verbale dated June 18, 2020, that was addressed to the African Union Commission, Members of the Ministerial Committee on Candidatures, among others. The Note Verbale is a response to an earlier statement that was attributed to the Office of the Legal Counsel (OLC) of the African Union, which ha...
World Trade Organisation Accepts Okonjo-Iweala’s Nomination For DG
News

World Trade Organisation Accepts Okonjo-Iweala’s Nomination For DG

The World Trade Organisation (WTO) has accepted the nomination of Ngozi Okonjo-Iweala as one of the candidates for the office of the director-general of the organisation. “Nigeria, on 9 June 2020, nominated Dr Ngozi Okonjo-Iweala for the post of WTO Director-General to succeed the current Director-General, Mr Roberto Azevêdo, who has announced he will step down on 31 August 2020,” the organisation said on its website. When President Muhammadu Buhari endorsed Ngozi Okonjo-Iweala for the World Trade Organisation (WTO) top job, Egypt went on the offensive. Egypt argued that the executive decision of the African Union (AU) which had set a deadline of November 30, 2019 for African countries to nominate candidates had been violated. They claimed Iweala’s nomination was late and s...
President Buhari Nominates Okonjo-iweala For World Trade Organization DG Post
Politics

President Buhari Nominates Okonjo-iweala For World Trade Organization DG Post

President Muhammadu Buhari has approved the nomination of Ngozi Okonjo Iweala, former coordinating minister for the economy, for the position of director-general of the World Trade Organisation (WTO). In a document seen by MCI on Thursday, Buhari withdrew the candidacy of Yonov Frederick Agah, Nigeria’s permanent representative to WTO, for the same position. The election is scheduled to hold in Geneva, Switzerland in 2021 for a four-year term that would run from 2021 to 2025 after Roberto Azevedo, former director-general of the organisation stepped down a year to the end of his second term. “The embassy of the Federal Republic of Nigeria and permanent mission to the African Union (AU) and United Nations Economic Commission for Africa (UNECA) presents compliments to all embassies a...