The global economic news has been marked by a major event recently: the re-election of Dr Ngozi Okonjo-Iweala as head of the World Trade Organization (WTO). At the extraordinary meeting of the General Council held from 28 to 29 November 2024, Dr Okonjo-Iweala was unanimously reappointed for a second term as President of this international institution.
This re-election confirms Dr Okonjo-Iweala’s undisputed leadership at the head of the WTO. The first woman and first African to hold this position since March 2021, she has successfully addressed major challenges during her first term, including trade tensions between the world’s major powers and the economic crises arising from the Covid-19 pandemic and international conflicts.
Her commitment to bold reforms and fairer trade rules has been praised by the WTO General Council. Ambassador Petter Ølberg, Chair of the General Council, highlighted Dr Okonjo-Iweala’s exceptional leadership and ability to guide the WTO in a complex global economic context.
As she begins her second term on 1 September 2025, Dr Okonjo-Iweala will face new challenges. The return of Donald Trump to the White House raises concerns about the intensification of trade tensions between the United States and China, which could have a significant impact on global trade.
In this context, Dr Okonjo-Iweala’s role at the helm of the WTO is crucial. Her strategic vision and determination to promote fair and sustainable international trade will be essential to address current and future challenges. Expectations are high for her, but her successful re-election demonstrates the confidence the international community has in her leadership.
In conclusion, the reappointment of Dr Ngozi Okonjo-Iweala as President of the WTO marks a new milestone in the history of this organization. Her commitment to fairer and more inclusive global trade makes her a key figure in the international economic landscape. With her expertise and determination, she is ready to take on the challenges ahead and lead the WTO into a promising future.