Saturday, 19 September 2020 05:37

Okonjo-Iweala, four others in final five for WTO leadership race

Rate this item
(0 votes)

Three women, two of them from Africa, advanced to the second round of selection to become the next director-general of World Trade Organization as the field was cut from eight to five, Geneva-based body said on Friday.

WTO is looking for a new director-general to replace Brazilian Roberto Azevedo, who stepped down a year earlier than expected at the end of August.

The 25-year-old trade body has never had a leader who is female or from Africa.

The five to go through to the next round are Kenyan minister, Amina Mohamed; former Nigerian Finance Minister of Finance, Mrs  Ngozi Okonjo-Iweala; South Korean Trade Minister, Yoo Myung-hee; Saudi Arabia's Mohammad Al-Tuwaijri; and British ex-minister Liam Fox.

This confirms Reuters' reporting on Thursday that Mexico's Jesus Seade, Egypt's Hamid Mamdouh and Moldovan Tudor Ulianovschi were eliminated.

Azevedo's successor will face a considerable challenge with rising global tensions and protectionism during a Covid-induced slowdown, most obviously between Beijing and President Donald Trump's U.S. administration, and pressure to drive reform.

Round two, in which WTO's 164 members will give their preferences from Sept 24 to Oct 6, will whittle the candidates down to two. WTO has said it wants to select the winner by early November.

Trade experts and former WTO officials say that the U.S. presidential election, on Nov. 3. could extend the process, even if that goes against WTO's prescribed deadline.

However, WTO said the process had gone well so far and that all members had taken part.

"The objective is to have this process completed within 2 months - it began on 7 September so on or about 7 November, so we are on track for this. The process has gone smoothly," WTO spokesman, Mr Keith Rockwell told reporters.

 

Reuters

May 03, 2024

Passion, freedom and impact: The 3 ingredients of business success

More than 10 years ago I founded my then "small" business that today has more…
May 01, 2024

Overwhelming majority of Nigerians have lost confidence in INEC, survey reveals

Yiaga Africa, a prominent election observation group, reveals in its latest report that only 23…
April 27, 2024

Adults are sharing the things they are no longer interested in now that they're older

It's natural for our preferences to change as we get older. So when asked, "What…
April 13, 2024

A new camera can undress people almost in real time—to send a message about AI

Nuca, a new deepfake camera, is an art project that shows how artificial intelligence can…
May 03, 2024

Two military officers face court martial over drone strike that killed 85 civilians in Kaduna

Nigeria's military has ordered two officers to face court martial proceedings over a drone strike…
May 03, 2024

Here’s the latest as Israel-Hamas war enters Day 210

Here's what's on the table for Israel and Hamas in the latest cease-fire talks Israel…
May 01, 2024

Wellspring Consulting proposes cybersecurity investment to boost Nigeria's economy

In a bid to rescue Nigeria from its economic challenges, Wellspring Consulting advocates for significant…
April 30, 2024

Finidi George is new Head Coach for Super Eagles

Former Nigerian winger Finidi George has been appointed as the head coach of the national…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.