The WTO chief wants New Delhi to play a leadership role in the multilateral trade body while acknowledging India’s areas of concern
"We hope this ends soon and it's contained. Our biggest fear is if it widens, because that will then have a really big impact on trade," Ngozi Okonjo-Iweala said.
A slew of urgent reforms in carbon pricing, import tariffs and regulatory issues are needed to decarbonise supply chains in time to achieve the 2030 goals to halve CO2 emissions, WTO Director-General Ngozi Okonjo-Iweala said.
The World Trade Organization ministers reach historic agreements on response to fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle of agreements secured through hectic round-the-clock talks.
This year's speakers sparked deep discussion about this year's theme, Learning 2.0.
"We are working on a pragmatic solution out of the deadlock on patent waiver negotiations. Formal negotiations on patent waiver struck at TRIPS council," said Ngozi Okonjo-Iweala, WTO Director-General.
The 66-year-old Nigerian economist Ngozi Okonjo-Iweala is the new head of the World Trade Organisation (WTO). A skilled negotiator who has brokered numerous agreements, Ngozi is a global finance expert, an economist and international development professional with over 30 years of experience working in Asia, Africa, Europe, Latin America and North America.
A well-functioning multilateral trade body under the stewardship of Ngozi Okonjo-Iweala should be beneficial for India and other developing nations
The 66-year-old is looking to make more history as she bids to become the first African and woman to head the World Trade Organization (WTO).
The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced today.
The World Bank has received three nominations for the post of its president, including US President Barack Obama's pick Jim Young Kim. The other two nominations received by the World Bank are Jose Antonio Ocampo, a Colombian national and Professor at Columbia University in New York and Ngozi Okonjo-Iweala, Nigerian Finance Minister.