Nigeria’s former minister of finance and coordinating minister of the economy, Dr Ngozi Okonjo-Iweala, who is running for the office of the Director-General of the World Trade Organization (WTO) yesterday appeared at a press conference held as part of the selection process towards the appointment of the next DG of the global organization at the WTO headquarter in Geneva.
The session consisted of a presentation to the General Council encompassing the 164 members of the WTO and was followed by a 30-minute press conference. Okonjo-Iweala in her presentation made a strong case for an African candidacy. She also pushed for a woman to occupy the DG role.
One of the questions Okonjo-Iweala was asked was what she would tell the American President with respect to getting the US to remain part of the WTO with the body having been criticized by the incumbent Donald Trump as being unfair to US interests.
To this Dr, Okonjo-Iweala affirmed, “I would say to the president that the WTO delivered for all countries, including the United States in the past. It is because of the multilateral rules-based trading system that we have had prosperity and lifting of millions out of poverty, and it’s been shared prosperity.
“We could do it again. I would say to him or him that where the trading system has failed, we need to fix it so that it can be more inclusive, it can benefit more people.”