Member countries of the World Trade Organization have unanimously agreed to grant Director-General Ngozi Okonjo-Iweala a second four-year term. This decision was reached during a recent meeting held by the Geneva-based trade body. Okonjo-Iweala, who holds both Nigerian and American citizenship, made history in 2021 by becoming the first woman and first African to assume the role of WTO chief.
The renewal of her term comes at a critical juncture for the WTO, as uncertainties loom over its future due to the impending return of President-elect Donald Trump in the United States. During his previous term, the Trump administration notably sidestepped WTO regulations by imposing tariffs on various products, including steel, from countries such as China and even traditional U.S. allies.
With Trump set to assume office once again in January, there are concerns about the potential escalation of trade disputes and the imposition of further tariffs on goods from various nations. Despite these challenges, Okonjo-Iweala's reappointment signals a continued commitment to fostering international trade cooperation and addressing global economic issues.
Okonjo-Iweala's second term is scheduled to commence in September of the upcoming year, allowing her to further advance the WTO's objectives and navigate the evolving landscape of international trade relations. Her leadership and experience are expected to play a crucial role in steering the organization through the complex challenges it faces in the years ahead.
