GENEVA – In an exclusive interview with Reuters, Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO), announced her intention to run for another four-year term. This decision comes after a strong push from Africa to kickstart the re-election process early.
“I am excited to continue my journey with the WTO and am prepared to compete for the position,” Okonjo-Iweala expressed to Reuters, mentioning a formal letter she will be sending to the trade body’s main decision-making body. She emphasized her commitment to focusing on delivering results in her second term, highlighting priorities such as addressing pending issues like a deal on ending fisheries subsidies and making progress in global agriculture negotiations.
Analysis:
Ngozi Okonjo-Iweala’s decision to seek a second term as the WTO Director-General signifies continuity and stability in the organization’s leadership. Her focus on key priorities, such as finalizing deals on critical issues like fisheries subsidies and global agriculture negotiations, demonstrates a commitment to advancing international trade agreements. As a result, her re-election could lead to significant developments in resolving longstanding trade disputes and promoting fair trade practices globally. This news is crucial for investors and businesses, as a stable and proactive WTO leadership can create a more predictable and favorable environment for international trade and investments.