Nigeria’s Ngozi Okonjo-Iweala, the current Director-General of the World Trade Organisation (WTO), has expressed her intention to seek a second term. Having served since 2021, she has garnered significant support from various global leaders and organisations. Okonjo-Iweala, who made history as the first woman and African to lead the WTO, highlighted her desire to finish “unfinished business” from her first term.
Key Goals for the Next Term
In an interview with Reuters, Okonjo-Iweala laid out her plans for a potential second term. Her primary focus will be on achieving breakthroughs in global agriculture negotiations and finalising a deal to end harmful fisheries subsidies. Additionally, she aims to decarbonise trade and reform the WTO’s dispute settlement system, which has faced challenges over the years. These goals reflect her continued commitment to addressing global trade inequalities and improving the functionality of the WTO.
Support for Okonjo-Iweala
Okonjo-Iweala’s candidacy has received widespread support from key global powers. In 2021, her bid for Director-General was backed by the Biden administration and the European Union, after initial opposition from former U.S. President Donald Trump. As she seeks a second term, it is expected that similar backing will follow, given her successful navigation of trade issues during her tenure. However, she remains focused on her work, stating that she has no control over political shifts, such as a potential Trump re-election.
Challenges During First Term
During her first term, Okonjo-Iweala faced numerous global trade challenges, including the COVID-19 pandemic, rising protectionism, and disruptions in global supply chains. Despite these difficulties, she successfully pushed for initiatives to boost vaccine distribution and economic recovery in developing countries. Her ability to lead the WTO through such turbulent times has bolstered her reputation as a strong advocate for inclusive trade.
Decision Deadline Approaching
While Okonjo-Iweala has voiced her interest in a second term, she has until the end of November to officially apply for re-election. Her tenure will expire on 31 August 2025, giving her ample time to campaign and gather support from member nations. As the Director-General of an institution with global influence, her next steps are being closely monitored by international observers.
A Legacy in Global Trade
Okonjo-Iweala’s leadership has left a lasting impact on global trade dynamics. Her focus on tackling subsidies, promoting sustainable practices, and reforming the WTO has positioned her as a transformative figure in international trade. As the world watches her potential second-term bid, there is hope that she will continue to drive progress on key global economic issues.
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