News
WTO: Okonjo-Iweala gets EU’s blessing
Ngozi Okonjo-Iweala, Nigeria’s onetime finance minister, will receive the backing of European Union governments to emerge the next Director General of the World Trade Organisation (WTO), just as South Korea’s Minister of Trade Yoo Myung-hee will, both of them among the three women out of the five contenders for the top position, Bloomberg reported on Monday.
Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You.
Envoys from the bloc’s member nations consented in Brussels on Monday, as the build up to the selection of the WTO head approaches its culmination, to endorse Mrs Okonjo-Iweala and Ms Myung-hee, a source close to the matter revealed.
Having hesitated as the only country to join the fray of solidarity behind the women, at a minor meeting of representatives from the 27-country union, Hungary yielded to back their recommendation.
The last two aspirants will be declared after 6th October while a winner will be announced by 7th November.
The vacancy came in August following the resignation of Roberto Azevedo of Brazil one year shy of his tenure end.
Still confronting shocks from the coronavirus crisis, WTO is also challenged by the trade war between the United States and China and is seeing a moment of structural turbulence, marked by “a hobbled administrative system” and absence of capacity to resolve industrial subsidy issues.
Okonjo Iweala, who also was a former managing director in charge of operations at the World Bank, scaled the hurdle of the first round of votes, where three candidates failed to proceed to the current stage.

-
Stories3 months ago
[STORY] MORENIKEJI (Complete Episodes)
-
Stories2 months ago
[STORY] IT’S NOT LOVE (Complete Episodes)
-
Music2 months ago
[Music] Timbaland – Apologize ft. OneRepublic
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Final Episode 12)
-
News2 months ago
Arewa Forum Hits Buhari, Says Nigeria No Longer Safe Under Him
-
News2 months ago
Eastern Security Network: What IPOB wants to achieve —Nnamdi Kanu Reveals
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 11)
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 05)
-
Stories2 months ago
[STORY] MORENIKEJI (Episode 07)
-
Technology2 months ago
Microsoft Office now updated for M1 Macs
-
News2 months ago
Goodluck Jonathan: My Problem With Buhari’s Government
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 08)
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 07)
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 10)
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 09)
-
Stories2 months ago
[STORY] DEATH WISH (Episode 12)
-
News2 months ago
US Senate Republican leader congratulates Joe Biden
-
Stories2 months ago
[STORY] MORENIKEJI (Episode 06)
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 04)
-
News2 months ago
#BringBackOurBoys: Okonjo-Iweala Tasks Nigerian Govt
-
Stories2 months ago
[STORY] MORENIKEJI (Episode 08)
-
Stories2 months ago
[STORY] MORENIKEJI (Episode 05)
-
News2 months ago
Kano Orders Immediate Closure Of All Schools
-
Sports2 months ago
Karim Benzema Best French Striker Ever – Zinedine Zidane
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 01)
-
Music2 months ago
[Music] Mariah Carey – Hero
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 06)
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 03)
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Complete Episodes)
-
Stories2 months ago
[STORY] CONSEQUENCES OF WICKEDNESS (Episode 02)
-
Stories2 months ago
[STORY] IT’S NOT LOVE (Episode 02)
-
Sports2 months ago
Italian Cyclist Riccardo Ricco Bags Lifetime Ban