Change has come to the World Trade Organization (WTO) with the first Woman and African. #africa #blacklivesmatter #nigeria #WTO #Blackhistory #harvarduniversity

 THE WORLD TRADE ORGANIZATION (WTO) 

             MAKES HISTORY

The World Trade Organization (WTO) is the only international organization that deals with the global rules of trade. It was founded on January 1, 1995 and, having 164 member states, is the largest economic organization in the world.



The WTO deals with the global rules of trade between nations. It’s main function is to make sure that trade flows as smoothly, predictably, and freely as possible.

“By lowering trade barriers through negotiations among member governments the WTO’s system also breaks down other barriers between peoples and trading economies,” it says on its website.

For nine months the WTO searched for its new head. There were eight candidates in the selection process.

On February 15, 2021, the WTO made history when the general council agreed by consensus to select Dr. Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General.

Dr. Okonjo-Iweala is the first woman and the first person from Africa to lead the organization. She will take office on March 1, 2021 and will serve in the position for four years until August 31, 2025. Her term is renewable.

“I am honored to have been selected by WTO members as WTO Director-General. A strong WTO is vital if we are to recover fully and rapidly from the devastation wrought by the COVID-19 pandemic. Our organization faces a great many challenges but working together we can collectively make the WTO stronger, more agile and better adapted to the realities of today,” she said.

Who is Dr. Ngozi Okonjo-Iweala? She is Harvard-educated, married to a neurosurgeon, mother of four children, is an Economist and a former Finance minister.

General Council Chair, David Walker of New Zealand, who with co-facilitators led the selection process, said that it was a significant moment for the WTO as he gave his “warmest congratulations” and formally welcomed Dr. Okonjo-Iweala

She replied: “It’s been a long and tough road, full of uncertainty, but now it’s the dawn of a new day, and the real work can begin. The challenges facing the WTO are numerous and tricky, but they are not unsurmountable,” in a report carried by the New York Times.


#africa #blacklivesmatter #nigeria #WTO #Blackhistory #harvard 

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