Monday, Oct 12 2020 | Time 20:42 Hrs(IST)
image
  • MoUs to make southern district vibrant : CII
  • After a long gap, TN COVID-19 cases dips below 5,000-mark, 62 more deaths reported
  • Karnataka Covid death toll crosses 10,000-mark
  • Nagaland Minister CM Chang dead
  • Chhattisgarh govt seeks fast track courts for disposal of cases pertaining to sexual offences
  • Opposition is issueless in Jharkhand, we will win bypolls to both seats with record margin: Hemant
  • Jai Ram Thakur, sixth CM across India to test +ve for COVID-19
  • Ishant Sharma out of IPL 2020 due to injury
  • Eco Nobel to 2 dons at Stanford for new age auctions
  • SC tells Kerala journalist held by UP police to approach Allahabad HC
  • 88 new COVID-19 cases, death toll rises to 64 in Meghalaya
  • Minister reviews progress of gas pipeline network in Assam
  • SC rejects plea seeking ban on Halal killing of animals
  • SAD gives 7 days ultimatum to CM to call special VS session or face gherao
  • Kerala reports 22 COVID deaths, 5,930 new +ve cases: CM
World


Okonjo-Iweala front runner for WTO DG

Okonjo-Iweala front runner for WTO DG

New Delhi, Oct 12 (UNI) Former Finance Minister of Nigeria, Ngozi Okonjo-Iweala could be the next Director General of the World Trade Organisation, as she is the front runner in the race to lead the multilateral body, tasked to regulate the trade agreements.



The Harvard and MIT educated Okonjo-Iweala is also the current head of the board of the public-private Global Alliance for Vaccines and Immunisation (GAVI), of which India is a partner and has contributed USD 15 million.

She seem to be emerging as a consensus candidate of the 164 member countries of the Geneva-based WTO, which announced on Thursday that the contest was between Ms Okonjo-Iweala and South Korean Trade Minister Yoo Myung-hee.



Media reports indicated that some countries such as China and Japan have reservations on the Korean nomination.



If selected on Tuesday, Ms Okonjo-Iweala would be the first woman and the first African to lead the WTO, which is facing rising protectionism, the US-China trade war and supply and distribution of COVID-19 vaccines.

Ms Okonjo-Iweala said that she would give priority to reform the WTO dispute settlement mechanism.

A skilled negotiator and development professional, who has served across continents, the current head of GAVI is a firm believer that trade can lift developing countries out of poverty.

UNI SRJ RJ 1846

More News
Okonjo-Iweala front runner for WTO DG

Okonjo-Iweala front runner for WTO DG

12 Oct 2020 | 7:03 PM

New Delhi, Oct 12 (UNI) Former Finance Minister of Nigeria, Ngozi Okonjo-Iweala could be the next Director General of the World Trade Organisation, as she is the front runner in the race to lead the multilateral body, tasked to regulate the trade agreements.

see more..

Bangladesh cabinet approves capital punishment for rapist

12 Oct 2020 | 6:46 PM

Dhaka, Oct 12 (UNI) Bangladesh on Monday approved an Ordinance which prescribes death penalty for rapist.

see more..
Nobel Prize in Economics awarded to US's Paul Milgrom,Robert Wilson for auction theory

Nobel Prize in Economics awarded to US's Paul Milgrom,Robert Wilson for auction theory

12 Oct 2020 | 5:51 PM

Stockholm, Oct 12 (UNI) The 2020 Nobel Prize in Economic Sciences was on Monday awarded to US economists Paul R Milgrom and Robert B Wilson for their work on auction theory and invention of new auction formats, benefitting sellers, buyers and taxpayers around the world.

see more..

Bangladesh reports 1,472 fresh nCoV cases, 31 deaths

12 Oct 2020 | 5:38 PM

Dhaka, Oct 12 (UNI) Bangladesh reported 1,472 new cases of coronavirus (COVID-19) in the last 24 hours, taking the country's tally to 379, 738, the Directorate General of Health Services said on Monday.

see more..
Nobel Prize in Economics awarded to US's Milgrom, Wilson for auction theory

Nobel Prize in Economics awarded to US's Milgrom, Wilson for auction theory

12 Oct 2020 | 4:16 PM

Stockholm, Oct 12 (UNI) The 2020 Nobel Prize in Economic Sciences was on Monday awarded to Paul R Milgrom and Robert B Wilson for their work on auction theory and invention of new auction formats, benefitting sellers, buyers and taxpayers around the world.

see more..
image