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Tag Archives: WTO

New female leaders in int’l trade inspire women to enter the game

WTO members made history February 15, 2021 when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General Geneva, Switzerland | Xinhua | One week into her new job as the seventh director-general of the World Trade Organization (WTO), Ngozi Okonjo-Iweala’s appointment as head …

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WTO’s first African director-general can help rebalance global trade

WTO members made history February 15, 2021 when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General Addis Ababa, Ethiopia | Xinhua | The appointment of Nigeria-born Ngozi Okonjo-Iweala as the first African director-general of the World Trade Organization (WTO) can help rebalance …

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Ngozi Okonjo-Iweala is WTO Director-General

WTO members made history February 15, 2021 when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General Washington, US | THE INDEPENDENT | When she takes office on March 1, Dr Ngozi Okonjo-Iweala will become the first woman and the first African to …

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African free trade bloc launches

Opportunities, Challenges, and why full implementation of the historic pact may take years ANALYSIS | THE INDEPENDENT | African countries began officially trading under the new African Continental Free Trade Area (AfCFTA) on Jan.01. It is a flagship project of the African Union’s Agenda 2063 to stimulate intra-African trade. In …

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WTO: Okonjo-Iweala facing block from US

Unclear if move is attempt to sabotage trade body much criticised by Trump | THE INDEPENDENT | The U.S. is blocking the appointment of Ngozi Okonjo-Iweala as the next head of the World Trade Organization despite the former finance minister of Nigeria winning the overwhelming backing of the WTO’s 164 …

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EU preparing countermeasures in subsidies dispute with U.S.

Brussels, Belgium| XINHUA |   The European Union (EU) is preparing countermeasures against the United States after the World Trade Organization (WTO) has confirmed the EU’s retaliation rights in reaction to illegal subsidies granted to the U.S. aircraft maker Boeing, the European Commission said on Monday. The announcement was made after …

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EU can slap tariffs on U.S. goods over Boeing aid: WTO

Geneva, Switzerland | XINHUA |   The World Trade Organization (WTO) on Tuesday ruled that the European Union (EU) can impose tariffs on U.S. products worth around 4 billion U.S. dollars, in retaliation for government subsidies given to the aircraft manufacturer Boeing. The WTO said in an arbitration decision that the …

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World trade to fall by 9.2 percent in 2020: WTO

Geneva, Switzerland | Xinhua | World merchandise trade is expected to fall by 9.2 percent in 2020, followed by a 7.2-percent rise in 2021, the World Trade Organization (WTO) said on Tuesday in its revised trade forecast. In April, the WTO had predicted a decline in the volume of world …

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