Dacio castillo - Latest News Update, Information, Photos & Videos on Dacio castillo at Lokmat Times

Nigerian economist Ngozi Okonjo-Iweala was on Monday elected as the World Trade Orgsation's (WTO) seventh Director-General, becoming the first woman and first African to take on the role.According to an official statement, the WTO members made history on Monday (local time) when the General Council agreed by consensus to select Iweala as the orgsation's next head.Iweala's tenure will start from March 1 and will expire on August 31, 2025.After her confirmation, Iweala said that her priority will be to work with members to address the economic and health consequences brought about by the COVID-19 pandemic."A strong WTO is vital if we are to recover fully and rapidly from the devastation wrought by the COVID-19 pandemic. I look forward to working with members to shape and implement the policy responses we need to get the global economy going again. Our orgsation faces a great many challenges but working together we can collectively make the WTO stronger, more agile and better adapted to the realities of today," she said.Meanwhile, WTO General Council Chair David Walker congratulated Iweala on her appointment."This is a very significant moment for the WTO. On behalf of the General Council, I extend our warmest congratulations to Ngozi Okonjo-Iweala on her appointment as the WTO's next Director-General and formally welcome her to this General Council meeting," said Walker from New Zealand, who led the nine-month DG selection process with co-facilitators Ambassador Dacio Castillo (Honduras) and Ambassador Harald Aspelund (Iceland)."Ngozi, on behalf of all members I wish to sincerely thank you for your graciousness in these exceptional months, and for your patience. We look forward to collaborating closely with you, Ngozi, and I am certain that all members will work with you constructively during your tenure as Director-General to shape the future of this orgzation," he added.According to The Hill, the 66-year-old Nigerian economist was appointed to serve a four-year term ending in August 2025 and assumes the director-general position after the WTO conducted a nine-month search process for its new head.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Dacio CastilloFOLLOW

Dacio castillo, Latest News

Politics :WTO to hold ministerial meeting in mid-June

Geneva, Feb 24 Members of the World Trade Organisation (WTO) has agreed to hold their 12th Ministerial Conference ... ...

International :WTO General Council Chair convenes meeting after India's call for virtual ministerial conference on global COVID-19 response

General Council Chair Ambassador Dacio Castillo convened a virtual meeting on Monday in response to India's recent proposal to hold a virtual Ministerial Conference on the WTO's response to the COVID-19 pandemic. ...

International :Nigerian economist Okonjo-Iweala elected as first woman, African to head WTO

Nigerian economist Ngozi Okonjo-Iweala was on Monday elected as the World Trade Organisation's (WTO) seventh Director-General, becoming the first woman and first African to take on the role. ...