{"id":28120,"date":"2021-02-15T09:23:57","date_gmt":"2021-02-15T08:23:57","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=28120"},"modified":"2021-10-07T00:24:09","modified_gmt":"2021-10-07T00:24:09","slug":"okonjo-iweala-poised-to-become-wto-chief","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/okonjo-iweala-poised-to-become-wto-chief\/","title":{"rendered":"Okonjo-Iweala poised to become WTO chief"},"content":{"rendered":"<p>DPA<\/p>\n\n\n<p>The World Trade Organization (WTO) is set to get its first leader from an African nation on Monday.<\/p>\n\n\n<p>Senior Nigerian economist Ngozi Okonjo-Iweala, will be the first woman to assume the post, is the only remaining candidate for the troubled organization in Geneva.<\/p>\n\n\n<p>Her appointment as director general at a meeting of envoys from the 164 WTO member countries is considered a mere formality.<\/p>\n\n\n<p>The previous U.S. administration of President Donald Trump had blocked the appointment process by opposing Okonjo-Iweala.<\/p>\n\n\n<p>Trump\u2019s successor Joe Biden last week threw his weight behind the woman who previously served as Nigerian finance and foreign minister, and as the managing director of the World Bank.<\/p>\n\n\n<p>Okonjo-Iweala prevailed over several other candidates in the months-long WTO leadership race, including South Korean Trade Minister Yoo Myung Hee, her main rival.<\/p>\n\n\n<p>Okonjo-Iweala is set to succeed the Brazilian Roberto Azevedo, who left the WTO before the end of his term in August.<\/p>\n\n\n<p>He has joined U.S. beverage giant Pepsico as an executive.<\/p>\n\n\n<p>The leadership change comes as the WTO is in its deepest crisis since it was founded in 1995.<\/p>\n\n\n<p>The WTO is no longer able to settle trade disputes between countries as the United States has blocked the appointment of appeals judges.<\/p>\n\n\n<p>The Trump administration sought reforms of the WTO, without clearly spelling out its demands.<\/p>\n\n\n<p>In addition, free trade talks have been stalled for years, and the WTO now also faces a global economic crisis.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-28120\" data-postid=\"28120\" class=\"themify_builder_content themify_builder_content-28120 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>DPA The World Trade Organization (WTO) is set to get its first leader from an African nation on Monday. Senior Nigerian economist Ngozi Okonjo-Iweala, will be the first woman to assume the post, is the only remaining candidate for the troubled organization in Geneva. Her appointment as director general at a meeting of envoys from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[343],"class_list":["post-28120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","tag-wto","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Okonjo-Iweala poised to become WTO chief - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/okonjo-iweala-poised-to-become-wto-chief\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Okonjo-Iweala poised to become WTO chief - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"DPA The World Trade Organization (WTO) is set to get its first leader from an African nation on Monday. Senior Nigerian economist Ngozi Okonjo-Iweala, will be the first woman to assume the post, is the only remaining candidate for the troubled organization in Geneva. 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