The Ministry of Foreign Affairs made a statement regarding the conclusion of the election process of the World Trade Organization (WTO) General Directorate.
In a written statement from the Ministry, it is welcomed that the ongoing WTO General Directorate election process has resulted in the appointment of Nigerian candidate Ngozi Okonjo-Iweala as the new WTO General Director at the WTO General Council held on 15 February. has been reported.
In the statement, he congratulates Mr. Okonjo-Iweala, who has a wealth of experience in the fields of economy and diplomacy in terms of his duties, including the Vice President of the World Bank, as well as the Ministry of Finance and Foreign Affairs of Nigeria, and his success in the WTO. we believe it will show. ” statement was included.
The importance of the conclusion of the election process within the framework of the consensus principle that forms the basis of the working principles of the WTO, and in this respect, we thank all the candidates who campaigned during the election process for their contribution to the organization’s vision and its pluralistic and democratic structure. evaluated.
The statement reiterated support for the rule-based, multilateral free trade system, and included the following statements:
“The WTO itself has reform needs as an organization, and progress in this regard will be in the interest of all members, regardless of their level of development. Advancing development issues, creating more equitable conditions in the agricultural sector, accelerating negotiations, especially fishing subsidies, and Settlement of Disputes. We see it beneficial in concluding the studies for the improvement of the mechanism in the upcoming period. “
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