Mrs Ngozi Okonjo-Iweala, former minister of Finance, has been appointed as the Director-General of the World Trade Organisation.
Okonjo-Iweala whose tenure will be starting on 1st March, 2021, is the first woman and also African to be appointed to sit in the position.
The World Trade Organization – WTO stated this in a tweet on Monday, saying, “Ngozi Okonjo-Iweala from Nigeria is appointed as the next WTO Director-General. Dr. Okonjo-Iweala makes history as the first woman and the first African to lead the WTO. Her term starts on the 1st of March 2021.“WTO members took the decision to appoint @NOIweala at a special meeting of the General Council, following a selection process that included eight candidates from around the world #WTODG.”
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The US Trade Representative in a statement cited her “wealth of knowledge in economics and international diplomacy” and said she had “proven experience managing a large international organization.”
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Okonjo-Iweala competed with the South Korean Trade Minister Yoo Myung-hee who later withdrew from the race for the position.