Posted by News Express | 17 February 2021 | 271 times
The Atiku Care Foundation (ACF) has congratulated Dr Ngozi Okonjo-Iweala on her appointment as the Director-General of World Trade Organisation (WTO).
Mr. Collins Onyeaji, SSA on International Affairs to the Director General of Foundation, Amb. Aliyu Bin Abbas, extended the congratulations in a statement issued on Tuesday.
He expressed confidence that Okonjo-Iweala, a renowned economist, would successfully lead the needed reforms to reposition the WTO to effectively deliver on its mandate to promote open and fair trade for the benefit of all.
He said for the marginalised groups, particularly women, the appointment of Okonjo-Iweala is a pointer that the world is fast changing.
"Although there are several challenges waiting for Dr. Okonjo-Iweala when taking up her new role on March 1, we hope that her leadership will result in African economies becoming more connected to global markets. Today, African economies constitute only three percent of the global economy.
"On the first of January this year the African Continental Free Trade Area (AfCFTA) was set in motion, as the world’s second largest trade agreement, measured in geography. This will lead to more intra-African trade, from today’s 16 percent intra-continental trade.
"The appointment of Dr. Ngozi is the second great trade-news for the continent, and we are excited about the opportunities created by a more “trading continent,” Onyeaji said.
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