President Muhammadu Buhari has urged the world’s developed countries to grant duty-free and quota-free market access for exports from the world’s 46-least developed countries (LDCs) in order to promote fairness and boost the global merchandize trade. Buhari, who was quoted as making the call in a statement by his media aide, Garba Shehu, during the […]
Tag: World Trade Organisation (WTO)
Climate Change: Okonjo-Iweala Tasks World Leaders On Trade Roadmap
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has charged world leaders to join the WTO in charting a trade roadmap for a just and ambitious global response to climate change. Okonjo-Iweala, who made the call in an opinion article on Climate Change published on Tuesday by Financial Times, explained that […]
Our Highest Priority Is To Speed Up Access To Vaccines – W/Bank
Apparently miffed by the worsening impact of the COVI9-19 pandemic on the global community, particularly its crippling effects on businesses and social welfare of billions pf people, the World Bank on Thursday promised to commit more efforts and resources to frontally control its further spread in the months ahead. Giving the assurance during the world […]
Okonjo-Iweala Tasks Nigerian Govt On Alternatives To Fossil Fuels
The new Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has met with President Muhammadu Buhari at the Presidential Villa, Abuja and tasked the government to consider policy initiatives that will encourage the private sector to invest in latest technologies that will minimize fossil fuels consumption as the only source of automobile […]
Okonjo-Iweala Resumes As New WTO Director General
Nigeria’s former Finance Minister and Supervisory Minister for Economy, Dr. Ngozi Okonjo-Iweala, on Monday resumed as the new Director General of the World Trade Organisation (WTO) at the organisation’s headquarters in Geneva, Switzerland. Okonjo-Iweala thus becomes the first woman and first African to head the global trade body. Hope that the Nigerian former minister would […]
Okonjo-Iweala Set To Become WTO’s Director General
After several months of political maneuvering by the ousted U.S President, Donald Trump, to stall Dr. Ngozi Okonjo-Iweala’s ambition of becoming the next Director-General of the World Trade Organisation (WTO), the coast now appears clear for the Nigeria’s ex-finance Minister to get the job. A news report by Bloomberg at the weekend indicated that Okonjo-Iweala’s […]
WTO DG: South Korea’s Myung-hee May Withdraw From Race
There are strong indications that South Korea may have decided to withdraw its trade minister, Yoo Myung-hee, from the World Trade Organisation (WTO) Director General’s race thereby paving the way for Nigeria’s candidate, Dr. Ngozi Okonjo-Iweala, to be confirmed for the position ultimately. U.S-based Washington Trade Daily (WTD) on Tuesday quoted people familiar with the […]
Okonjo-Iweala Maintains Lead In WTO Director General’s Race
There are strong indications that Nigeria’s former Finance Minister and Supervising Minister for the Economy, Dr Ngozi Okonjo-Iweala, may become the new Director General of the World Trade Organisation (WTO) come November 7 election result’s announcement date. News reports on Wednesday indicated that the former minister polled 104 votes from 164 member-countries to defeat her […]
WTO DG Election: Okonjo-Iweala, 4 Others Qualify For Next Round
Nigeria’s former Supervising Minister of Finance and one of the candidates contesting for the position of Director General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has won in the first run of the election. By scaling the first hurdle in the electioneering process, Okonjo-Iweala and four others will now proceed to the second […]
Utomi, Oramah, Others Rate Global Trading System Unfair To Africa
Most Chief Executive Officers (CEOs) in Sub-Saharan Africa (SSA) believe that as currently structured the global trading system remains unfair to Africa and explicitly called for a fairer system governing global trade that will support developing countries The corporate leaders’ verdict on the global trading system was given in a survey of 200 CEOs commissioned […]