The World Trade Organization’s (WTO) first female and first African director-general Ngozi Okonjo-Iweala began work on Monday, ending a six-month leadership void by vowing to unblock negotiations on rules to stop over-fishing.
After a long campaign that was derailed in the latter stages by a Trump administration veto, the 66-year-old Nigerian was confirmed as boss last month, pledging to “forget business as usual” at the body which is struggling to strike new deals and whose arbitration functions are paralyzed.
For all the latest headlines follow our Google News channel online or via the app.
“It feels great. I am coming into one of the most important institutions in the world and we have a lot of work to do. I feel ready to go,” Okonjo-Iweala told a reporter on arrival at the WTO’s lakeside Geneva headquarters.
The first day with the former finance and foreign minister at the helm of the WTO coincides with a meeting of its top decision-making body, the General Council. Its 164 member-states will discuss topics such as trade rules on COVID-19 vaccine distribution which Okonjo-Iweala has identified as a priority.
Also on the agenda is the date and venue for its major ministerial conference which was due to be held in Kazakhstan last year but was delayed by the pandemic.
Okonjo-Iweala said she was hopeful of clinching a deal on cutting fisheries subsidies this year after 20 years of talks.
“Things are not easy when members are negotiating and there are still a lot of critical issues that need to be sorted out. But we are hopeful,” she said, speaking next to an ice statue of fish erected by environmental groups outside the WTO.
Her predecessor, Brazilian Roberto Azevedo, stepped down on August 31, a year early.
Since the director-general role holds few executive powers, some analysts question Okonjo-Iweala’s ability to revive the body in the face of so many challenges including persistent US-China trade tensions and growing protectionism heightened by the pandemic.
WTO to rule on US ban on ‘made in Hong Kong’ labelThe World Trade Organization agreed Monday to establish a dispute resolution panel on the new US rule that all goods imported from Hong Kong must be ... Economy
WTO looks set to appoint first woman chief next weekAfter nearly six months without a captain, the World Trade Organization looks set to appoint Nigeria’s Ngozi Okonjo-Iweala as its first female and ... Economy
US, Biden offer ‘strong support’ for Niger’s Ngozi Okonjo-Iweala to head WTOPresident Joe Biden’s administration on Friday offered its “strong support” to Nigeria’s Ngozi Okonjo-Iweala to lead the World Trade Organization ... Economy
China says Indian ban on apps violates WTO rulesChina said on Wednesday that the Indian government’s decision to keep a ban on 59 Chinese apps was a violation of the World Trade Organization’s fair ... World News
WTO official urges G20 boost trade financing for developing countriesGroup of 20 major economies should work to provide trillions of dollars in trade financing for developing countries to ensure the recovery of the ... Economy