WTO Chief Executive Okonjo-Iweala intends to seek re-election for another term.
Ngozi Okonjo-Iweala, becoming the first female and African leader of the World Trade Organization (WTO), expresses her desire for a second term. Her representative stated that she has formally declared her intentions to serve another four-year period as Director-General. At 70 years old, she is buoyed by the "extensive and diverse approval" of the members.
The present tenure at the helm of the 166-member WTO concludes in August of the coming year. Currently, there are no other competitors on the table.
The accomplished economist and previous finance minister of Nigeria assumed the WTO's leadership during the COVID-19 pandemic in March 2021. Alongside the International Monetary Fund (IMF) and the World Bank, the WTO stands out as one of the most significant international organizations in economic policy. Its primary function is to offer a platform for negotiating to lower tariffs and other trade obstructions, and to oversee the implementation of international trade accords.
The Commission has formally begun the process of considering Ngozi Okonjo-Iweala's request for another term as Director-General. In light of her successful leadership during the pandemic, the Commission is expected to give her nomination serious consideration.
