Nigeria’s former Finance Minister, Dr Ngozi Okonjo-Iweala has been confirmed as the next Director-General of the World Trade Organisation.
Confirmed on Monday, February 15, 2021, Dr Okonjo-Iweala is the first woman and the first African to lead the international trade body, as her term is scheduled to start on March 1, 2021; the term, which is renewable, will expire on August 31, 2025.
The General Council Chair, Mr David Walker of New Zealand who, together with co-facilitators Amb. Dacio Castillo (Honduras) and Amb. Harald Aspelund (Iceland) led the nine-month DG selection process, said this is a very significant moment for the WTO; adding that: “On behalf of the General Council, I extend our warmest congratulations to Dr Ngozi Okonjo-Iweala on her appointment as the WTO’s next Director-General and formally welcome her to this General Council meeting.
He said: “Dr Ngozi, on behalf of all members I wish to sincerely thank you for your graciousness in these exceptional months, and for your patience. We look forward to collaborating closely with you, Dr Ngozi, and I am certain that all members will work with you constructively during your tenure as Director-General to shape the future of this organization.”
Quoted in a WTO statement, Dr Okonjo-Iweala said a key priority for her would be to work with members to quickly address the economic and health consequences brought about by the COVID-19 pandemic.
South Korean Trade Minister Yoo Myung-hee had been the only other remaining contender for the post but pulled out when it became clear that new US President Joe Biden was swinging firmly behind Dr Okonjo-Iweala’s candidacy.
The organisation has been leaderless since Brazilian career diplomat Roberto Azevedo stepped down last August, a year ahead of schedule.
The process of picking one of eight candidates to succeed him had been expected to wrap up by November 2020, but the administration of former US President Donald Trump blocked the consensus to appoint Dr Okonjo-Iweala.