EU bloc backs Okonjo-Iweala for WTO job

October 27, 2020
19 Views

<!– Ngozi Okonjo-Iweala: in the final round of WTO race with South Korean Yoo Myung-hee –>

Ngozi Okonjo-Iweala: EU pledges bloc’s backing for WTO job

By Abankula with agency reports

Former Nigerian finance minister Ngozi Okonjo-Iweala’s ambition to head the World Trade Organization got a big boost today, with the declaration of support by the European Union.

An EU official made this known on Monday, sending a signal of trust in Africa.

Okonjo-Iweala already has Africa’s backing.

She and South Korean trade minister Yoo Myung-hee are vying to be the first female leader in the WTO’s 25-year history.

Either Okonjo-Iweala or Yoo will replace Brazilian Roberto Azevedo, who quit a year earlier than expected at the end of August.

The EU’s support for Okonjo-Iweala is considered a strong signal to reinforce the multilateral order and a sign of mutual trust between the bloc and Africa, the official said.

The AFP reported that the EU will publicly announce its support for the 66-year-old Nigerian economist on Tuesday.

A first meeting on Monday failed to find consensus around the choice, but member state representatives reconvened and agreed to back Okonjo-Iweala.

One European source told AFP that seven member states had asked that their preference for Yoo be recorded in the statement, but another said backing Okonjo-Iweala was “a clear signal to Africa and a sign of mutual trust.”

With the EU backing, Okonjo-Iweala has emerged as the favourite to replace Brazil’s Roberto Azevedo at the WTO, and to become the first director general from Africa and the first woman to lead the institution.

The WTO’s consultation process ends on Tuesday and the new leader is expected to be named in November.

The WTO faces dual challenges: criticism from U.S. President Donald Trump’s administration which froze its appeals body by blocking its appointment of judges, and worsening U.S.-China trade relations.

Okonjo-Iweala, 66, a previous Nigerian foreign minister, is an economist and development specialist serving as board chair of global vaccine alliance Gavi.

She wants the WTO to help poorer countries access COVID-19 drugs and vaccines.

You may be interested

Incredible! Kogi lawmakers endorse Yahaya Bello for 2023 Presidency
News
1 views
News
1 views

Incredible! Kogi lawmakers endorse Yahaya Bello for 2023 Presidency

Webby - December 3, 2020

<!-- Yahaya Bello --> Yahaya Bello By Richard Elesho/ Lokoja Less than one year into his second tenure as Governor…

Record $220,000 ransom paid to Nigerian kidnappers of Chinese expatriate
News
News

Record $220,000 ransom paid to Nigerian kidnappers of Chinese expatriate

Webby - December 3, 2020

<!-- Governor Kayode Fayemi , in blue T-shirt with one of the Chinese working on Ado Ekiti-Iyin Road --> Governor…

Insecurity: Nigerian Soldiers Need Help To Tackle Insecurity Says Fayemi
News
News

Insecurity: Nigerian Soldiers Need Help To Tackle Insecurity Says Fayemi

Webby - December 2, 2020

By Adejumo Enock The Governor of Ekiti State, Kayode Fayemi has said the security challenges encountered by Nigerians are beyond…

Leave a Comment

Your email address will not be published.