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Ngozi Okonjo-Iweala confirmed as WTO head

By : cd on 15 Feb 2021, 10:35     |     Source: christian ahorgah

Ngozi Okonjo-Iweala

Nigerian, Ngozi Okonjo-Iweala has made history after being appointed director-general of the World Trade Organization on Monday, becoming the first woman and the first African to lead the global trade body.

Okonjo-Iweala won the mandate after rival candidate, South Korean trade minister Yoo Myung-hee, withdrew from the race.

Her candidacy was hugely supported by all geographic regions at the trade organization in October, last year.

US President Joe Biden announced his support for the Former Nigeria Finance Minister a couple of days ago clearing her path to emerge as the WTO head.

The WTO was established in 1995 with the aim of promoting open trade for the benefit of all. It negotiates and administers rules for international trade and tries to resolve disputes among its 164 members.