• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Just in: Ngozi Okonjo-Iweala Secures Second Term as World Trade Organization (WTO) Director-General

Blessing Joseph by Blessing Joseph
November 29, 2024
in International Trade, News, Trade
0
Just in: Ngozi Okonjo-Iweala Secures Second Term as World Trade Organization (WTO) Director-General
Share

Ngozi Okonjo-Iweala, the first woman and African leader of the World Trade Organization (WTO), has been reappointed for a second term. The reappointment, announced on Friday, was reached by consensus during a closed-door session of the WTO General Council. Her current term, ending in August 2025, will now extend for another four years.

Okonjo-Iweala’s reappointment comes at a pivotal time, with the looming possibility of Donald Trump’s return to the U.S. presidency and his historically antagonistic stance towards the WTO.

Key Highlights

  1. Consensus Reappointment:
    Okonjo-Iweala was the sole candidate, a move championed by African nations to accelerate the process ahead of the WTO’s next ministerial conference in Cameroon in 2026. This push also aimed to prevent potential interference by a new Trump administration, which had previously delayed her initial appointment in 2020.
  2. Trump’s Trade Legacy and Potential Return:
    During Trump’s first term, the U.S. administration weakened the WTO by dismantling its dispute settlement appeal system and threatening to withdraw the U.S. entirely. Trump has already hinted at an aggressive trade agenda, including tariffs on China, Canada, and Mexico, signaling further challenges for the WTO.
  3. Challenges for Okonjo-Iweala:
    • Erosion of WTO Rules: The application of trade rules has declined globally, with member states increasingly bypassing WTO commitments for national security, environmental, and economic concerns.
    • Dispute Settlement Reform: Reviving the moribund appeals process remains a pressing issue, exacerbated by U.S. resistance during the Trump era.
    • Climate and Health Priorities: Okonjo-Iweala has advocated for integrating climate change and health into the WTO’s agenda, but progress has been slow.
  4. Global Perspectives:
    Experts highlight that the WTO’s challenges extend beyond Washington. Many nations are adopting unilateral trade measures, reducing reliance on the WTO framework. Some analysts caution that if Trump prioritizes undermining the WTO, the organization could face existential threats.

The Road Ahead

Okonjo-Iweala’s second term is poised to be a complex and high-stakes mandate. With global trade increasingly politicized, the WTO must adapt to protect its relevance.

As the 2026 Cameroon Ministerial Conference approaches, her leadership will be crucial in rallying members to address reform needs, rebuild trust, and navigate the WTO through potentially turbulent times.

Her tenure underscores a pivotal challenge: maintaining the WTO’s relevance in a shifting global order where multilateral cooperation is under strain.

 

 

Post Views: 74
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Okonjo-Iweala Stresses Boosting Supply Chain Finance Access to Fuel SME Growth in Africa
    Okonjo-Iweala Stresses Boosting Supply Chain Finance…
  • Mallpai Foundation: A Beacon of Hope for the Vulnerable
    Mallpai Foundation: A Beacon of Hope for the Vulnerable
  • Spotlight on excellence: Meet the finalists of FUZE Talent Show 3.0!
    Spotlight on excellence: Meet the finalists of FUZE…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2024 Guide to the Top Business Enabling…
  • Sole Proprietorship vs. Limited Liability Company: Making the Right Choice for Your Business
    Sole Proprietorship vs. Limited Liability Company:…
Tags: EntrepreneursEntrepreneurshipglobal trade challengesMSME AfricaNgozi Okonjo-Iweala WTOTrump trade policiesWTO director-general reappointment.WTO dispute resolutionWTO reforms
Previous Post

Accion Microfinance Bank’s Financial Inclusion Seminar, To Address Impact of Digital Lending on Informal Sector

Next Post

NCC Mandates Licensed Telecom Operators to Update Contact Information by January 2025

Next Post
NCC Mandates Licensed Telecom Operators to Update Contact Information by January 2025

NCC Mandates Licensed Telecom Operators to Update Contact Information by January 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • AfDB Warns of $39.8bn Foreign Funding Decline to Africa in 2025 Amid Global Aid Cuts
  • Nigeria Introduces HNDs in AI, Cybersecurity, and Software Engineering to Modernise Technical Education
  • SEC Warns Public Against Silverkuun and Other Unregistered Investment Schemes
  • DBN Launches Green Declaration to Drive Climate-Smart Investment in Nigeria
  • Transactpay-OPay Deal Opens 40 Million Wallets to Nigerian SMEs

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.