Home Top Stories An African: First Woman Is At The Head Of The WTO

An African: First Woman Is At The Head Of The WTO

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Nigerian Ngozi Okonjo-Iweala became the primary woman and therefore the first African to go to the planet Trade Organization (WTO) on Monday an establishment almost paralyzed. At 66 years old, this Nigerian enters the restricted circle of girls in high institutional positions within the world. it’s a historic moment summarized the WTO, after his appointment. It is both motivating and intimidating because I take the reins of the WTO at a time of great uncertainties and challenges said Okonjo-Iweala who will start in March for a four-year, renewable term.

A strong WTO is important if we are to recover fully and quickly from the devastation caused by the covid-19 pandemic he continued. Our organization faces many challenges, but by working together collectively we will make the WTO stronger more agile, and better adapted to current realities, added the new director-general of the institution with 164 member countries and headquarters in Geneva. Among his long list of tasks he has ensured that his top three priorities within the next 100 days will be the response to the pandemic fisheries subsidies and therefore the dispute settlement body (the WTO court) that was torpedoed by the govt of former US President Donald Trump.

His appointment was quickly praised by other women also at the top of powerful institutions. Congratulations to my friend Ngozi Okonjo-Iweala, who has become the primary woman CEO of the WTO tweeted Christine Lagarde first president of the ECU financial institution and former head of the IMF, praising her strong will and determination which will lead her to relentlessly promote trade for the advantage of populations around the world. For her part, the president of the EU Commission, Ursula von der Leyen, said she was very happy to ascertain a lady from Africa at the top of the WTO. it’s a historic moment for the entire world, he said.

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Okonjo-Iweala was the sole remaining candidate within the race because of a broad consensus and therefore the support of the African Union and the European Union, also because of us following the change of authorities. At the top of October the Trump administration, which in four years had done everything possible to weaken the organization, blocked the consensus that was emerging around the Nigerian.

She wasn’t chosen because she may be a woman or because she is from Africa, but because she stood out because the candidate with the simplest qualifications, experience, and qualities for this arduous task an EU diplomat told AFP. Twice Minister of Finance and head of Nigeria’s Foreign Relations portfolio for 2 months Okonjo-Iweala began her career at the planet Bank in 1982, where she worked for 25 years. In 2012 she did not become president of this financial organization and therefore the position fell to the American-Korean Jim Yong Kim.

Now he is going to be responsible for an establishment that, since its creation in 1995, has been travel by six men: three Europeans, a replacement Zealand a Thai, and a Brazilian. Us is keen to figure with Dr. Okonjo-Iweala to make sure that this institution lives up to its full potential as a workplace that promotes fair economic process in trade, said US diplomat David Bisbee at the meeting the Monday in Geneva. In Nigeria, President Muhammadu Buhari said Okonjo-Iweala is embarking on an arduous task within the service of humanity but said he’s convinced that his integrity and keenness for development will still yield positive results.

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Critical

Her academic and professional career is impressive, but the new WTO head also has detractors who criticize her for not having done more to eradicate corruption when she was at the helm of the finances of Africa’s most populous country. More than anything” to run the WTO requires audacity the courage she says to those that believe they lack technical knowledge in an environment governed by Byzantine rules.

Courage is going to be essential to get rid of the WTO the sole world organization responsible for the principles that govern trade between countries, from its almost existential crisis. The pandemic has exposed all the fractures caused by the liberalization of world trade from the excessive dependence on dispersed production chains, to the excesses of economic relocation or the fragility of commercial traffic.

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