Tuesday, November 12, 2024

WTO May Seek to Reappoint Chief Ahead of Trump Presidency


The World Trade Organization (WTO) plans a Special Meeting of its Top Decision Making body later this month, where a call could be made on the Reappointment of its Director General Ngozi Okonjo-Iwealay, a Nigerian Economist, and former Nigerian Finance Minister.

Trade sources said such a Meeting appeared to be a route that could Fast-Track the Appointment process to Avoid any risk of it getting Blocked by U.S. President-Elect Trump (R), whose Teams and Allies have Criticised both Okonjo-Iweala and the Trade watchdog in the past.

A WTO Document sent by the General Council Chair said the First day of the Nov. 28-29 Meeting would allow Okonjo-Iweala to present Her Vision for the 166-Member Organisation and answer Delegates' Questions. The Second Day "could then provide an opportunity for members to take a decision on the appointment of the next Director-General", it said.

Okonjo-Iweala, 70, is the Sole Candidate for the Job and She wants to complete "unfinished business" from Her First Term which includes New Rules on Cutting Fishing Subsidies and finding a Fix for its hobbled Appeals Court.

Dozens of Countries have voiced Support in recent WTO Meetings for Her Reappointment after Her Term expires on Aug. 31st, 2025. But some have Privately observed that the WTO's Election Process, which typically lasts Months, could allow for U.S. President-Elect Trump's Team to Oppose Her Candidacy.

In 2020, His Administration gave its Support to a Rival Candidate and sought to Block Her First Term. She Secured U.S. backing only when President Biden (D) succeeded Trump in the White House.

Those who follow the Trade body say it is likely to face a Messy, Recriminatory period for Trade under Trump, who has Promised to impose a 10% Tariff on All Imports and Higher Rates on Countries such as China.

There is No Guarantee that WTO Members, which Approve Decisions by Consensus, will agree to a Second Term for Okonjo-Iweala at the November Meeting and the Chair could opt to Postpone the Decision, Trade sources said.

If they do Pursue it, it might Backfire, suggested Keith Rockwell, a former WTO Director and Senior Fellow at the Hinrich Foundation. "Let's see how the United States likes being pushed into a corner," He said, calling the actions to speed up the appointment process "unprecedented".










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