Tag: WTO

  • Abdulhamid chairs WTO’s committee

    Abdulhamid chairs WTO’s committee

    The World Trade Organisation (WTO) General Council has approved the appointment of Ambassador Adamu Abdulhamid of Nigeria as the Chairperson of the Committee of Trade in Services Special Session with effect from February 2025.

    Analysts regarded Abdulhamid’s appointment as a further confirmation of Nigeria’s increasingly preeminent roles in global trades.

    Read Also: WTO chief warns against ‘catastrophic’ tit-for-tat tariffs

    Analysts said the appointment was a commendation to the current government, particularly the Ministry of Industry, Trade and investment under the Minister, Dr. Jumoke Oduwole and the Permanent Secretary, Ambassador Nura Abba Rimi.

    Prior to this appointment, Abdulhamid had held various positions at the WTO such as the Chairpersons of Trade Facilitation Committee(TFC), Council for Trade in Goods( CTG), Trade Policy Review Body (TPRB) addition to his key National Position as the Ambassador of Nigeria to the WTO.

  • Tinubu hails Okonjo-Iweala’s WTO reappointment 

    Tinubu hails Okonjo-Iweala’s WTO reappointment 

    President Bola Tinubu on Friday congratulated Dr Ngozi Okonjo-Iweala, former Coordinating Minister for the Economy and Minister of Finance, on her unanimous re-election today as the Director-General of the World Trade Organisation (WTO).

    Okonjo-Iweala made history in 2021 as the first African and first woman to lead the 164-nation-member WTO.

    Her first term as the seventh director-general of the WTO will expire on Aug. 31, 2025, while the second term begins Sept.1, 2025, Mr Bayo Onanuga, Special Adviser to the President, Information and Strategy, said in a statement.

    Tinubu said Okonjo-Iweala’s unanimous appointment for a second four-year term demonstrated the trust and confidence the international community placed in her leadership to advance multilateral trade for sustainable global development.

    “President Tinubu is confident that her continued leadership will strengthen the international economic organisation’s role as a critical pillar of inclusive global economic growth and good governance in the next four years.

    Read Also: Tinubu celebrates Otunba Belo on 70th birthday

    “As a committed member of the WTO, ECOWAS, and the African Continental Free Trade Area (AfCFTA), Nigeria will continue to support the WTO’s mission to foster a fair, inclusive, and equitable multilateral trading system.

    “President Tinubu assures Okonjo-Iweala of Nigeria’s steadfast support as she consolidates her bold reforms, dedication to equitable global trade practices, and tireless efforts to promote international cooperation,” Onanuga said.

    (NAN)

  • TIMELINE: Okonjo-Iweala, Roberto Azevedo, other past WTO DGs

    TIMELINE: Okonjo-Iweala, Roberto Azevedo, other past WTO DGs

    Nigeria’s Ngozi Okonjo-Iweala is set for re-election as director-general of the World Trade Organisation (WTO) after emerging as the sole candidate at the close of nomination for the position.

    The WTO confirmed the development in a statement on Saturday.

    The WTO said: “Ambassador Petter Ølberg of Norway, Chair of the General Council, informed WTO members on 9 November that no further nominations for the position of Director-General had been received by the deadline of 8 November and that the incumbent Director-General, Ngozi Okonjo-Iweala, is therefore the only candidate for the role.

    “Director-General Okonjo-Iweala confirmed her willingness to serve a second four-year term in the role in a letter to the Chair on 16 September.

    “On 8 October, the WTO formally commenced the process for appointing its next Director-General, with members given until 8 November to submit nominations.”

    The WTO said the chair of the General Council will communicate the next steps in this process in the coming days.

    Okonjo-Iweala assumed office as the first woman and African to lead the trade organisation on March 1, 2021.

    Read Also: What you need to know about Okonjo-Iweala as she seeks second term at WTO

    Her present term will end on August 31, 2025 and will most likely be reelected for another term.

    The Director-General of the World Trade Organization is the officer of the World Trade Organization (WTO) responsible for the organization’s administrative operations.

    Here are current and past World Trade Organization (WTO) GDs

    1. Peter Sutherland: (Republic of Ireland Ireland) July 1, 1993 – April 30, 1995.

    2. Renato Ruggiero: (Italy) May 1, 1995 – August 31, 1999.

    3. Mike Moore: (New Zealand) September 1, 1999 – August 31, 2002.

    4. Supachai Panitchpakdi: (Thailand) September 1, 2002 – August 31, 2005.

    5. Pascal Lamy: France) – Two Terms.

    First Term: September 1, 2005 – August 31, 2009  

    Second Term: September 1, 2009 – August 31, 2013

    6. Roberto Azevedo: (Brazil) Two Terms.

    First Term: September 1, 2013 – August 31, 2017

    Second Term: September 1, 2017 – August 31,  2020

    7. Ngozi Okonjo-Iweala: (Nigeria) – March 1, 2021 – Till Date.

  • What you need to know about Okonjo-Iweala as she seeks second term at WTO

    What you need to know about Okonjo-Iweala as she seeks second term at WTO

    The first woman and first African to lead the World Trade Organisation(WTO) Ngozi Okonjo-Iweala, is on track to secure a second term as Director-General without any opposition.

    Born in 1954 in Ogwashi-Ukwu to academic parents, she was taught early on that education is a privilege, not a right. She holds a Bachelor’s in Economics from Harvard University and a PhD from the Massachusetts Institute of Technology.

    She is an economist and international development expert with over 30 years of experience.

    Okonjo-Iweala was Chair of the Board of Gavi, the Vaccine Alliance (2016 – 2020), the African Risk Capacity (2014 – 2020) and Co-Chair of The Global Commission on the Economy and Climate.

    The WTO chair, Norwegian Ambassador Petter Olberg, confirmed that “no further nominations for the position” had been received by Friday’s deadline, leaving Okonjo-Iweala as “the only candidate for the role,” according to a statement.

    “Director-General Okonjo-Iweala confirmed her willingness to serve a second four-year term in the role in a letter to the Chair on 16 September. On 8 October, the WTO formally commenced the process for appointing its next Director-General, with members given until 8 November to submit nominations.”

    Okonjo-Iweala, 70, announced her intention to seek a second term in September.

    Her current tenure, which began in March 2021, is set to conclude in August 2025.

    The appointment of the Director-General is made by consensus among the WTO’s 166 member countries, a process she successfully navigated despite initial hurdles.

    During her first term, Okonjo-Iweala’s candidacy faced resistance from former United States President Donald Trump, who supported a South Korean candidate.

    However, this opposition was overturned when President Joe Biden took office, clearing the path for her historic appointment.

    Okonjo-Iweala is former Minister of Finance of Nigeria, appointed in July 2011.

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    She previously served as a Managing Director of the World Bank where she had oversight responsibility for the World Bank’s operational portfolio in Africa, South Asia and Europe and Central Asia.

    Okonjo-Iweala spearheaded several World Bank initiatives to assist low-income countries during both the food and later financial crisis.

    She is chaired the replenishment of over $40 billion for the International Development Association (IDA), the grant and soft credit arm of the World Bank.

    In 2020, Okonjo-Iweala was named Forbes African of the Year. She has been ranked by Fortune as one of the 50 Greatest World Leaders (2015) and by Forbes as one of the Top 100 Most Powerful Women in the World consecutively for four years.

  • SON partners WTO on technical barriers to trade, implementation

    SON partners WTO on technical barriers to trade, implementation

    The Director General of the Standards Organization of Nigeria (SON), Dr. Ifeanyi Okeke, emphasised the importance of understanding the World Trade Organization (WTO) Technical Barriers to Trade (TBT) Agreement to effectively implement its provisions within Nigeria’s national framework.

    Speaking at a one-day national workshop on the WTO TBT Agreement and its implementation in Nigeria, Dr. Okeke highlighted the need to enhance public comprehension of the agreement.

    He explained that the TBT Agreement is a vital part of the WTO’s framework, aimed at ensuring that technical regulations, standards, and conformity assessment procedures do not create unnecessary obstacles to trade.

    The agreement is designed to balance the necessity for governments to enact measures protecting human health, safety, and the environment with international best practices. This balance facilitates smoother trade operations and fosters economic growth.

    Dr. Okeke reiterated SON’s commitment to promoting standardization and quality assurance across all sectors of the economy.

    Read Also: NASS, WTO partner on digital, marine economy

    “Let us use this opportunity to strengthen our efforts and work together,  create a regulatory environment that fosters innovation, protects consumers, and promotes trade towards a more prosperous and competitive  Nigeria.”

    Speaking, the representative of the World Trade Organisation, Mathur Sajal noted: “Nigeria produces so many items which require the input of the WTO.”

    The minister of Industry Trade and Investment Doris Uzoka Anite who was represented by the permanent Amb. Nura Rimi emphasised the importance of tackling obstacles such as cumbersome regulations, standards, and conformity assessment procedures, which can stifle integration and limit market access.

  • Abdulhamid emerges chairperson of WTO Trade Policy body

    Abdulhamid emerges chairperson of WTO Trade Policy body

    Ambassador of Nigeria to the WTO, Ambassador (Dr) Adamu Mohammed Abdulhamid has been elected as the Chairperson of the WTO Trade Policy Review Body for the 2024/2025 period.

    He was formally inaugurated last Wednesday at the WTO, Geneva, Switzerland.

    Read Also: Tinubu arrives Riyadh for Special Global Economic Forum

    Before his appointment, the Ambassador was the WTO Trade Facilitation Committee Chairperson for 2022/2023 period.

    In 2023, he served as the Chairperson for the WTO Council for Trade in Goods under which he supervised 14 subsidiary bodies for 2023/2024.

  • NASS, WTO partner on digital, marine economy

    NASS, WTO partner on digital, marine economy

    • Kalu, Natasha seek WTO’s collaboration to boost primary products exports

    The National Assembly has expressed their willingness to collaborate with the World Trade Organisation (WTO) in Digital and Marine economy.

    The Senate President and Chairman, National Assembly, Senator Godswill Akpabio, gave this indication while addressing the WTO media, shortly after a visit to its Director-General, Dr. Ngozi Okonjo Iweala, in her office in Geneva,  Switzerland.

    Akpabio is in Geneva as head of Nigeria’s delegation to the on-going 148th Assembly of the Inter-Parliamentary Union (IPU).

    Meanwhile, Deputy Speaker, House of Representatives, Benjamin Kalu and Chairman, Senate Committee on Local Content, Senator Natasha Akpoti-Uduaghan, have sought the collaboration of WTO to boost the export of the country’s primary products and leverage the opportunities provided by the African Growth and Opportunity Act (AGOA) and Centre for the Promotion of Imports from Developing Countries (CBI).

    Akpabio told the media that the delegation was at the WTO on a courtesy call and to look for areas of collaboration with the organisation in the various sectors of the economy for the overall benefit of Nigerians.

    He said: “We used our attendance at the IPU to pay courtesy visit to one of Nigeria’s very costly export to the world, Dr Ngozi Okonjo-Iweala; the director general of the WTO.’’

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    We came to thank her for the job she is doing for the world and thank her staff for supporting and standing by her to succeed. We, in Nigeria are very proud of her.

    “We had discussions on the various developmental programmes of the WTO and we noticed that there were spaces where Nigerians can become major players.

    “We discussed issues affecting trade back home in Nigeria and ways in which the National Assembly can assist in removing barriers, through legislation for the benefit of our people.

    “We also talked about issue of regulations concerning digital economic contents, illegal fishing along the coastal states of Cross River, Rivers, Akwa Ibom and Bayelsa states.

    “How Nigerian women could benefit from the recent programme funded by the organisation was also discussed. The establishment of a digital trade portal, where-in all trade information could be accessed by our people top our discussion with the WTO.”

    Akpabio noted that “the deliberations were fruitful and we are confident that with our support in all of these, Nigerians would be the better for it.”

    On his part, the Deputy Speaker of the House of Representatives, Benjamin Kalu, said, “our best export to the world, took her time to bring us up to speed on the various innovations and initiatives of the WTO and what Africa and Nigeria stand to benefit from.

    “We are going back more refreshed because we have seen a space here for Africa to thrive in business and in trade.”

    Speaking in the same vein, Okonjo-Iweala described the visit of the Senate president and the Deputy Speaker, to her office as “a huge honour. We were able to talk on those things we are doing at the WTO that would help make a material difference for Nigerians.

    “We spoke of recent programme that we launched in some development programme from the standards and trade facilities to help in improving sanitary and vital sanitary standards for some of the crops in Nigeria, so that it helps in diversifying the economy to even fisheries and illegal mining of the waters of Nigeria.”

    According to her, “a lot of things on the table have already been discussed. I am honoured by this visit and I am home-sick.”

    Senator Akpoti-Uduaghan, who met with Okonjo-Iweala at the sidelines of the ongoing 148th Assembly of the Inter-Parliamentary Union (IPU) holding at the International Conference Centre, Geneva, Switzerland, said: “It is my earnest expectation under the President Bola Tinubu-led administration, to see Nigeria take advantage of these export opportunities through your support and by working closely with my office as the Senate Committee Chairman on Local Contents,” she stated.

    She said amid the acute dollar shortages, the country could tap the opportunities to boost its non-oil exports under AGOA to earn the much-needed foreign exchange for its economy.

    In her remarks, the WTO director-general lauded Senator Natasha for her valuable contributions and promised to look into her recommendations.

    She also assured her readiness to collaborate with the Kogi lawmaker for the greater good of Nigeria, especially in the area of trade and commerce.

    AGOA, a US trade initiative established in 2000, allows African nations to export various products, especially non-oil goods, to the US on favourable terms, thereby promoting economic development and trade on the continent.

    It has been a crucial lifeline for many African economies, offering opportunities to access the vast American market.

    South Africa, Kenya, Madagascar, Lesotho, and Ghana dominated the 2022 non-oil AGOA exports, accounting for 90 per cent of the total non-oil AGOA exports in 2022, with Nigeria missing on the list.

    Deputy Speaker Kalu who expressed concern over the downward slope of export of primary products from Africa to other parts of the world, solicited the cooperation of the WTO in boosting the exportation of primary products from Nigeria and Africa in general.

    He said most businessmen from Africa encountered challenges marketing the products due to aflatoxins that come in contact with them before reaching their destinations, especially within the framework of “the AGOA” which ultimately provides duty-free treatment to goods designated from sub-Saharan African countries (SSAs).

    He solicited the help of the WTO to set up centres in Africa for the treatments of the primary products packaged for export.

     “Africa is interested in exporting our primary products. We have always had issues with these primary products we are exporting. I don’t know what you are putting together to help these products reduce aflatoxins because it’s one of the complaints about products coming from Africa.

     “I don’t know if there will be centres around Africa where businessmen who cannot afford to do this decontamination will get that particular centre and detoxify their products to be able to meet the quality specifications before selling them off. Is WTO interested in this and how much so. Are there programmes designed to be able to facilitate this”

    Dr. Okonjo-Iweala said WTO is aware of development and is also eager to assisting countries implement their respective protocols on the issue.

    “At the WTO, we have been heavily promoting something we called re-globalization. We are trying to persuade supply chains of companies located outside Africa; we are trying to tell them that this also a good place. WTO is very much aware.

     “Many of the rules are built based on our rules. So, we have an interest in keeping in touch and making sure any country that wants to request our help to implement their protocols and so on will be able to do that. And we hope it will take off in a good way. Now, one big thing we have to watch is, we cannot all trade the same thing to each other. We are growing primary products. We are not going to trade cocoa to Cote D’Ivoire. We can trade oil because most of them want oil but we don’t just want to trade that,” she said.

  • WTO to prevent illegal fishing on Nigerian waters

    WTO to prevent illegal fishing on Nigerian waters

    The Director-General, World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, yesterday said once the fisheries’ subsidies agreement comes into force, it would help prevent illegal fishing of the Nigerian waters.

    The DG made this kown at the launch of the WTO Standard Trade Development Facility (STDF) project in Abuja, applauding Nigeria for being the first country to ratify the Fisheries Subsidies Agreement, stating that the country’s Sanitary and Phytosanitary Measures (SPS) and Technical Barriers to Trade (TBT) Agreements ensure traded goods meet certain quality standards globally.

    She said: “One of the key projects we are launching today with STDF, ITC, and the NEPC, is a project that will help with international safety and quality certification for sesame and cowpeas or black-eyed peas. Nigeria is on the move with WTO, we should work hard to ensure that these projects empower ordinary people and make a difference in their lives.

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    “Nigeria is the world’s largest producer and consumer of cowpeas. Sesame is primarily an export crop, and Nigeria is the world’s fourth leading producer, exporting to the EU, Türkiye, Japan, South Korea and other Asian markets. However, Nigerian cowpea and sesame exports have increasingly faced rejections in several destination markets due to non-compliance with international SPS requirements.

    “Let me also mention and commend both the ITC and the Ministry of Trade and Investment for the new trade intelligence service that is being developed. This will include both a Trade Intelligence Unit – that will provide information services to the business community and the government, as well as a Trade Intelligence Portal that will provide information on trade statistics, tariffs, business regulations, market prices and importers, and the evolving trends for specific products in the international market.”

  • Trade rules and climate change: Africa stands to lose from proposed WTO policy tools

    Trade rules and climate change: Africa stands to lose from proposed WTO policy tools

    By Olabisi D. Akinkugbe

    The World Trade Organisation launched its Trade Policy Tools for Climate Action during the COP28 conference.  The new tools offer opportunities for countries to mitigate the climate change effect of their trade practices. The tools align with the Paris Agreement, the 2015 legally binding United Nations Treaty on Climate Change.

    But the global contribution of African states to climate change remains very low: four percent. African states’ contribution to global trade stands at three percent. There are socio-economic inequalities between African states and their western counterparts. The wider historical context of these inequalities means that the WTO’s Trade Policy Tools for Climate Action will have different impacts on developing and developed countries.

    Notwithstanding Africa’s low contribution to global trade and climate change, the new tools offer some avenues for African countries to take modest climate action. There are trade facilitation measures that can improve infrastructure, information and communications technology, the business environment, and border and transport efficiency. This will reduce energy consumption and greenhouse emissions from freight transport.

    What difference can green government procurement policies make?

    Green government procurement policies refer to decisions by governments to buy environmentally sustainable materials, supplies and services. These policies also look at the present and future impacts of purchases based on their consumption and eventual end-of-life stage.

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    The impact of green government procurement is yet to be seen in developing countries like those in Africa. Generally speaking, these policies spur innovation and result in improved employee health and safety. They also reduce greenhouse gas emissions, hazardous and toxic substances, plastic waste and pollution.

    The new tools say tariffs must be reduced on green products. Won’t this mean that low-cost, imported green energy components will flood into Africa, and undermine local manufacturing?

    Trade-related changes are required to address the climate change deficits of international trade. But those changes should not jeopardise African economies. The new tools raise three important concerns.

    First, if most imported elements of green energy systems are imported, African states may become dependent on these components. The new tools promise to optimise innovation around green technologies. But lowering tariffs on imported green energy goods may undermine the development of new green technology manufacturing companies in Africa.

    A handful of African countries such as South Africa and Kenya may be able to set up companies to manufacture these imported elements. But they will not be able to compete with their foreign partners, who are more adept in producing and exporting the materials at cheaper rates.

    Second, the pivot to importing low-cost imported components of green energy perpetuates Africa’s poor status as a raw material generating region only. It reduces Africa’s capacity to take advantage of the global value chains connected to critical raw materials being used in the energy transition. Unsustainable exploration and mining of critical raw materials further damages the environment in many African countries. This deepens Africa’s vulnerability to climate change.

    Third, debates about green transition in the trade context are inextricably linked with debt exposure and the capacity of African states to attract climate friendly investments. Without increasing their net trading quota contribution, African states have a much smaller chance of building a green industrial base for a greener future.

    But all is not lost. This is a moment of renewed industrial policy in international trade. African states have the opportunity to re-orient their national industrial policies to take advantage of the moment. They can aim to attract investments that will allow them increase their global trade quota by prioritising green industrial development projects.

    African countries can also connect their new policies with opportunities that the African Continental Free Trade Area Agreement offers in greening their trade projects.

    The new tools propose removing government subsidies from fossil fuel industries and redirecting them to renewable energy. Isn’t this a good thing?

    Unlike their western counterparts, many African states are heavily dependent on fossil fuel investments. Oil and gas, for example, are often the primary source of their foreign exchange earnings. These fossil fuels are also resources used to generate economic growth and development.

    For these African countries, redirecting subsidies from fossil fuel industries to renewable energy may not provide an apparent advantage. A period of transition may allow for such redirection. For developing countries it will need to be a long period. African countries who receive subsidies to invest in renewable energy may be hampered by the poor state of physical infrastructure in their countries.

    They will also face competition from rich countries, and the high cost of investment and generating renewable energy products in Africa. To be a truly winning idea for developing countries, the historical and contemporary social, economic, political and financial challenges of African countries must be taken into account.

    Overall, the new policy tools offer modest ways that African countries can change some of their trade practices to address climate change mitigation and adaptation goals. Other frameworks such as the Villars Framework for a Sustainable Global System offer pathways to addressing climate change and transition to a climate-friendly global economy.

    Yet, without taking advantage of the renewed industrial policy era to re-envision how critical raw materials and other resources can be harnessed and developed in Africa, the continent stands to lose more.

    • Akinkugbe is Associate Professor & Viscount Bennett Professor of Law, Dalhousie University, Canada. This article is republished from The Conversation under a Creative Commons license. “https://theconversation.com/trade-rules-and-climate-change-africa-stands-to-lose-from-proposed-wto-policy-tools-219825”

  • Enelamah is vice chairperson, Africa, WTO Ministerial Conference

    Enelamah is vice chairperson, Africa, WTO Ministerial Conference

    Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has been elected the Vice-Chairperson representing Africa, for the 11th World Trade Organisation (WTO) Ministerial Conference.

    His election was at the meeting of the WTO General Council, which acts on behalf of the Ministerial Conference on all WTO affairs.

    It also meets as the Dispute Settlement and Trade Policy Review Body to oversee procedures for settling disputes between members and to analyse members’ trade policies.

    The Ministerial Conference, which meets every two years, is the topmost decision-making body of the WTO. It brings together members of the organisation, all of which is countries or customs unions and can take decisions on matters under any of the multilateral trade agreements.

    This election is viewed as an important recognition of Nigeria’s leadership role at the WTO and contributions on trade policies.

    Other members of the Bureau of the 11th Ministerial Conference are the Chairperson;   Ms Susanna Malcorra of Argentina; Vice Chairperson;  Todd McClay,  Minister of Trade of New Zealand; Vice Chairperson: Mr. Edward Yau, Secretary of Commerce and Economic Development, Hong Kong, China.