Dr. Ngozi Okonjo-Iweala’s Presentation Before WTO Selection Committee || VIDEO

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Dr. Ngozi Okonjo-Iweala, Nigeria’s Former Minister of Finance, has rolled out her plan if chosen as the Director-General of the World Trade Organisation.

The former managing director of the World Bank, while speaking today 15th July 2020 before the selection committee, said the decision for the African continent to produce three contestants for the topmost position was never a sign of division.

She also vowed to bring back the United states government to the International Financial bloc. Okonjo said if she is elected DG, she would explain to whoever the US president by then why the country should not leave the WTO.

I would say to the president that the WTO delivered for all countries, including the United States in the past,” she said

It is because of the multilateral rules-based trading system that we have had prosperity and lifting of millions out of poverty, and it’s been shared prosperity.

We could do it again. I would say to him or him that where the trading system has failed, we need to fix it so that it can be more inclusive, it can benefit more people.

Surely, it is not the time now to leave the WTO that matters, we need an institution that can promote a rules-based system.

Remember the trade wars of the past we don’t want that. “We want peace, security, and stability. That is why the WTO is needed, with its ability to arbitrate disputes within members.

Don’t leave now, let’s try to fix what needs fixing, and if we didn’t have the WTO, we would have to invent it. That is what I would say to him.

She also reiterated her experience in trade, development economics, finance, and how she remains the most qualified candidate for the WTO top job.

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