The World Trade Organisation, on Tuesday, said Nigeria had relinquished its leading position in the agriculture export market because a lot of its agricultural commodities do not meet the sanitary and phytosanitary measures required for exportation.It also pointed out that despite the abundance of arable lands and increased investments, the …
Read More »Nigeria has lost out in agricultural export markets -WTO DG
EXTRA: Biden takes photos of Okonjo-Iweala at G20 summit
US President Joe Biden took a selfie with Ngozi Okonjo-Iweala, director-general of the World Trade Organisation (WTO), on the sidelines of the G20 summit in New Delhi, India. Biden did not stop there. He also took photos of Okonjo-Iweala as she posed with some members of her team and Jake …
Read More »Okonjo-Iweala: Countries face higher inflation risk if open trade is neglected
Ngozi Okonjo-Iweala , director-general of the World Trade Organization (WTO), says turning away from open trade will lead to greater price volatility, inflationary pressures and weaker growth prospects. She spoke at the recent Jackson Hole Economic Policy Symposium hosted by the Federal Reserve Bank of Kansas City, United States. Okonjo-Iweala …
Read More »‘Nigeria, developing countries at risk of deglobalisation’-WTO DG
Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has reiterated the call for “re-globalisation,” saying deglobalisation poses an enormous risk to developing countries, including Nigeria. She added that global prosperity would be adversely affected if trade is allowed to fragment into rival blocs. Speaking at the 13th World Chambers …
Read More »AfCFTA: Africa must reduce Intra- Africa and Global Trade barrier costs – Okonjo Iweala
President of the World Trade Organisation, Dr Ngozi Okonjo Iweala, has said that for Africa to make the African Continental Free Trade Area (AfCFTA) work, we must reduce the costs on the continent, to trade with ourselves and with the global community. She stressed that the costs African exporters experience …
Read More »WTO DG: S/Korea Withdraws Candidate, Okonjo-Iweala’s Chances Brighten
Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala’s chances of securing the Director-General of the World Trade Organisation (WTO) brightened Tuesday as South Korea withdrew its candidate, Yoo Myung-hee, from the race. Washington Trade Daily quoted sources as saying that South Korea had notified the United States (U.S.) government of its …
Read More »Buhari Thanks EU for Supporting Okonjo-Iweala, Persuades U.S
President Muhammadu Buhari Friday held a video conference with Mr Charles Michel, President of the European Council, during which the latter reiterated Europe’s support for Nigeria’s Dr Ngozi Okonjo-Iweala as the next Director-General of the World Trade Organisation (WTO). The President is leading Nigeria’s charge for Okonjo-Iweala, the country’s former …
Read More »‘No Veto Privilege in WTO,’ Says Expert
An official in the Office of the Nigerian Representative to the World Trade Organisation (WTO), has reacted to Bloomberg’s report insinuating that Trump administration on Wednesday “vetoed a bid” by Dr. Ngozi Okonjo-Iweala to be the next director-general of the global trading institution. The official who doesn’t want his name …
Read More »Nigeria Expresses Hope Despite Trump’s Opposition to Okonjo-Iweala for WTO Job
President Donald Trump is opposed to the emergence of Ngozi Okonjo-Iweala as the Director-General of the World Trade Organisation, WTO, despite polling 104 votes from 164 member countries on Wednesday to defeat South Korea’s Trade Minister Yoo Myung-hee. Deputy U.S. Trade Representative Dennis Shea said Washington won’t join a consensus …
Read More »I’ll Immediately Make Those Calls, Buhari Assures Okonjo-Iweala of Support
President Muhammadu Buhari Monday in Abuja assured Nigeria’s former Minister of Finance and Economy, Dr Ngozi Okonjo-Iweala, that the country will explore every opportunity and deploy its entire energy to ensure that she becomes the Director-General of World Trade Organisation (WTO). Dr Okonjo-Iweala is one of two candidates contesting for …
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