Karimi & Associates Law Firm presents according to The Guardian:
WTO members made history when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General.
Ms. Ngozi Okonjo-Iweala, Nigeria’s former finance minister is the first female and first African leader, handing her the task of restoring trust in a rules-based global trading system.
The WTO is at a crossroads after many countries seemed to take a step back from long-standing norms governing international trade. Also, its appellate body has been paralyzed for months after the U.S. prevented the appointment of new judges, therefore, rendering it unable to rule on any trade disputes.
“My vision is also of a rejuvenated and strengthened WTO that will be confident to tackle effectively ongoing issues,” Okonjo-Iweala told WTO members during a hearing in July.
“It is clear that a rules-based system without a forum in which a breach of the rules can be effectively arbitrated loses credibility over time,” she said at the same hearing.