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 »Nigeria ratifies WTO Fisheries Subsidies Agreement, deposits instruments with DG- Amb . Abdulhamid
Dr Ngozi Okonjo Iweala DG WTO receives the instrument of ratification for the WTO Fisheries Subsidies Agreement from Amb.Adamu Mohammed Abdulhamid Nigeria has ratified the World Trade Organisation (WTO) Fisheries Subsidies Agreement and deposited the instrument the Director General at the Secretariat. This was disclosed in a statement by Ambassador …
Read More »WTO:Amb.Adamu thanks members of Goods Council for reaching Consensus.
Nigeria’s Ambassador to World Trade Organization, Ambassador(Dr.)Adamu Mohammed has thanked members of Goods Council for their collaboration and flexibility in reaching consensus on the 2023 chairs of the subsidiary bodies of the council. Ambassador Adamu is the chair of the Goods Council. It will be recalled that World Trade Organization …
Read More »Nigeria commended for deepening understanding of WTO and Agricultural subsidy Agreement
The Federal Ministry of Industry Trade and Investment and the World Trade Organisation (WTO) have been commended for creating a platform for the public and private sector stakeholders to deepen their knowledge and understanding of the WTO and Agricultural subsidy Agreement. This formed part of the communique issued at the …
Read More »Buhari’s Administration: Trade Action Plan (TRAP) will drive growth and development – Amb.Dr Adamu AbdulHamid, Nigeria’s envoy to WTO
President Muhammadu Buhari’s administration has been commended for making trade a vital component of the nation’s economy. Ambassador Dr Adamu Abdul Hamid, Nigeria’s Ambassador to World Trade Organisation (WTO) gave this commendation during an exclusive interview with The Commerce Africa Magazine on the occasion of his reflections on his activities …
Read More »WTO chief pushes for reglobalized supply chains to cut down bottleneck risks
World Trade Organization Director-General Ngozi Okonjo-Iweala urged diversification in global supply chains, amid ongoing efforts to progress the body’s reform. “There is an overconcentration of manufacturing in certain sectors in certain countries,” she told CNBC’s Martin Soong on the sidelines of the latest weekend summit of G-7 (Group of Seven) …
Read More »Stop Depending On Oil, Diversify Revenue Sources, Okonjo-Iweala Urges Govs-Elect
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala has advised incoming governors to stop depending on crude oil and diversify the sources of revenue in their domains. She spoke on Monday during an induction organised for elected governors in Abuja, two weeks before the May 29 inauguration. …
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 »Publicise the benefits of WTO Agreements to facilitate trade- WTO
The Federal Ministry of Industry,Trade and Investment, as the lead agency on WTO matters has been urged to continue to drive the process of trade in Nigeria by ensuring that the public is sensitized to the benefits of the World Trade Organisation (WTO) Agreements. This formed part of the highlights …
Read More »WTO, US urge Nigeria, others to fast-track renewable energy transition
Ebuka Daniel The World Trade Organisation and the United States have advised Nigeria and other developing countries to work towards a quick transition into renewable energy as trade rules were changing to favour climate laws. The US Special Envoy for Climate, John Kerry said this at the virtual opening session …
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