Friday, March 24, 2023

Russia ready to cooperate with Okonjo-Iweala as WTO DG

“We intend to constructively cooperate with the new director-general, assist her in efforts to improve the organisation.”

• February 16, 2021
Ngozi Okonjo-Iweala
Director-General, World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala

Russia is ready to cooperate with the newly-appointed Director General of the World Trade Organisation, Ngozi Okonjo-Iweala, whose experience and authority will allow her to resolve topical issues.

Russia’s Economic Development Minister, Maksim Reshetnikov, said on Tuesday.

Mrs. Okonjo-Iweala, a Nigerian economist, made history on Monday becoming the first-ever woman and African to head the WTO.

“We intend to constructively cooperate with the new director-general, assist her in efforts to improve the organisation for the benefit of its members, and improve the efficiency of regular work and negotiations at the WTO,” Mr. Reshetnikov said, as quoted in the ministry’s press statement.

The minister recalled that Russia consistently advocated for the early appointment of a new WTO head and actively participated in consultations with other organisation members on this issue.

“I am sure that the professional background of Okonjo-Iweala and her authority in the international arena will allow her to successfully tackle urgent issues the WTO is facing, strengthen the organisation’s key role in multilateral trade system, contribute to reaching compromise on key issues regarding reforming the WTO, which will eventually make a significant contribution to the world economic recovery,” the official added.

Mrs. Okonjo-Iweala’s appointment followed months of deadlocked discussions among WTO members on who should be chosen as the next director general since former chief Roberto Azevedo stepped down in August, a year earlier than his second four-year term was set to end.

The new head will assume duty on March 1. Her term will expire on August 31, 2025.


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State


Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Minister of Aviation, Hadi Sirika and Air Nigeria


Buhari regime assures Nigeria Air will fly before May 29

Mr Sirika said the national carrier would create numerous jobs and better opportunities in the industry when fully established.



Court sentences four to death by hanging for kidnapping, armed robbery

Justice Lateef Lawal-Akapo held that the prosecution proved the charges of conspiracy, robbery and kidnapping against the convicts beyond all reasonable doubt.

Naira and Dollar


Naira weakens further at I&E window, exchanges at 469.50 per dollar

The rate represented a decrease of 0.04 per cent compared to the N461.50 for which it exchanged to the dollar on Wednesday.

Iyorcha Ayu


PDP names caretaker committee for Katsina chapter after sacking SWC

Mr Ologunagba said that the committee was expected to run the affairs of the party in the state for a period not exceeding 90 days.

Iyorchia Ayu and Ayo Fayose


My suspension is Ayu’s “last kick of a dead horse”: Fayose

He said in a matter of days, the “inglorious tenure” of Mr Ayu as national chairman of PDP will become history and the party will enjoy a new lease of life.

Oby Ezekwesili


Keyamo: Oby Ezekwesili warns Buhari regime against arresting Obi, Datti

Mrs Ezekwesili warned the Buhari regime and SSS against actioning Mr Keyamo’s “foolish ideas.”