WTO retains Okonjo-Iweala, removes three candidates Skip to main content

WTO retains Okonjo-Iweala, removes three candidates

 


World Trade Organization members removed three candidates from the race to be the next Director-General of the body.

They also plan to reduce the contestants to two final candidates in the coming weeks.

Nigeria’s Ngozi Okonjo-Iweala still remained in the race, according to Bloomberg on Friday.

Okonjo-Iweala is a former finance minister in Nigeria and former Managing Director of the World Bank.

The Geneva-based WTO said Mexico’s Jesus Seade, Egypt’s Hamid Mamdouh, and Moldova’s Tudor Ulianovschi didn’t secure enough support in a first of three rounds of voting.

“Their expertise and high professional and personal qualities are highly valued and respected by all members,” WTO General Council Chairman, David Walker, said in a statement on Friday.

The second phase of consultations would begin on September 24 and run until October 6 after which the WTO would announce two final candidates.

The goal was to name a new leader by November 7.

The vacancy arose when Brazilian director-general, Roberto Azevedo, decided to step down at the end of August, a year before his term was due to end.

The remaining contenders were all current or former ministers, something that trade officials had previously said was an important characteristic for a future Director-General.

They are Mohammad Maziad Al-Tuwaijri, Saudi Arabia’s former minister of economy and planning; Liam Fox, the UK’s former secretary of state for international trade; Yoo Myung-hee, South Korea’s trade minister; Ngozi Okonjo-Iweala; and Amina Chawahir Mohamed Jibril, Kenya’s former international trade minister.

The campaign to lead the WTO during the most turbulent period of its 25-year existence was playing out against the backdrop of the pandemic, a worldwide recession, the US-China battle for trade supremacy, and the American presidential election.

The vacancy offered an opportunity for the US, the European Union, and other nations to reshape the organisation, whose mission of economic integration was under threat from protectionist policies around the globe.

Without reform, it risked being sidelined during the biggest economic crisis in a century.

Comments

Popular posts from this blog

#BBNaija SEASON 5: Meet the housemates

After many weeks of waiting, the popular reality TV show, Big Brother Naija is back with a new season that promises to be filled with immense drama and excitement. According to organisers, MultiChoice Nigeria, the winner of this year’s edition will be going home with N85 million worth of prizes! Yes, way bigger than the previous editions. The breakdown of the prizes for the winner includes: a N30m cash prize; a top SUV; a trip to Dubai for two; a trip to Dublin; a two bedroom apartment; three smartphones; and a year’s supply of selected food stuff, snacks and drinks. There’s also a bonus prize of two VIP Tickets to watch a Champion League final game live. Meet the housemates: DORATHY Dorathy Bachor is a 24-year-old entrepreneur from Lagos. She believes she is the only one who should make you smile. Her sassiness will definitely prove to be an asset in Biggie’s house. What new habit or skill did you acquire during lockdown? I can sleep for more than four hours. I also discovered the abi

#BBNaija 2020: Get out, I’m done with you – Erica blasts Laycon

Big Brother Naija Lockdown housemate, Ngozi Nlewedim, popularly known as Erica, has berated fellow housemates, Laycon, for gossiping about her with the others. Laycon, who has a very strong feeling for Erica, seems to have been affected by the outcome of rejection as the Abia-born female housemate picked Kiddwaya over him. For this reason, Laycon has been seen at different times and locations discussing Erica and telling fellow housemates how he feels being rejected. Erica had once made it clear that while she is mentally attracted to Laycon, she is physically attracted to her lover, Kiddwaya. Addressing the housemates during Sunday’s live eviction, the reality tv show host, Ebuka had drawn the attention of Erica to things going on around her, one of which was Vee advising Laycon on how to handle his feelings for Erica. After the live eviction, Erica chatted with Vee, wondering why Laycon hasn’t moved on yet. Erica said that by now Laycon should move on and stop going around telling th

#BBNaija 2020: Kiddwaya’s mother finally speaks with Erica, details of conversation revealed

Susan Waya, mother of Big Brother Naija, BBNaija, evicted housemate, Kiddwaya, has finally reached out to ex-housemate, Erica. Mrs Waya, who spoke with Erica on phone, described the evicted BBNaija housemate as a “sweet lady.” She disclosed this to The Boss, a newspaper owned by Dele Momodu, on Monday. Mrs Waya who lives in Essex, United Kingdom said their conversation lasted for about 10 minutes. “She’s such a sweet lady… I’m looking forward to meeting her and can’t wait to see my son very soon in Lagos,” she said. Recall that Erica and Kiddwaya were involved in what many termed as a relationship while on the reality show. Though, they had their on-and-off moments, but the romantic cord between them was unmistakable. While Erica was disqualified from the BBNaija reality television show two weeks ago, Kiddwaya was evicted on Sunday.