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African Group Urges WTO Chief Okonjo-Iweala to Seek Second Term

by SAT Reporter
July 14, 2024
in Business
0
African Group Urges WTO Chief Okonjo-Iweala to Seek Second Term

Former Nigerian Finance Minister Ngozi Okonjo-Iweala became Director-General of the World Trade Organisation (WTO)

The African Group has formally requested that World Trade Organisation (WTO) Director-General Ngozi Okonjo-Iweala run for a second term, according to a document released on Friday.

Okonjo-Iweala, who made history in 2021 by becoming the first female and African leader of the 30-year-old global trade body, has yet to announce her intentions publicly. Her current term is set to conclude in August 2025.

The document, submitted by Chad on behalf of the African Group, emphasises the importance of initiating the reappointment process early. “The African Group is of the view that it would be in the best interest of the Organization if the process of reappointment were to start early,” the statement reads, highlighting the need for continuity and further progress ahead of the next major ministerial meeting, which will be hosted by Cameroon.

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Under WTO regulations, Okonjo-Iweala, aged 70, has until the end of November to decide whether she will seek another term.

There has been private speculation among some WTO delegates that Okonjo-Iweala might choose not to pursue a second term if former U.S. President Donald Trump were to win the upcoming presidential election. Trump’s administration had previously opposed her appointment, and Okonjo-Iweala has expressed concerns that some of Trump’s proposals could potentially disrupt the global trading system.

Despite the speculation, the African Group’s request underscores the significant progress made during her tenure and the desire for continued leadership under Okonjo-Iweala.

As the global trade watchdog faces numerous challenges, including navigating the aftermath of the COVID-19 pandemic and ongoing trade tensions, the reappointment of a proven and capable leader is seen as crucial by many member states.

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