NABA congratulates WTO and Dr. Ngozi Okonjo-Iweala
Dr. Ngozi Okonjo-Iweala was today elected new Director General of the World Trade Organization (WTO).
“We congratulate Dr. Ngozi Okonjo-Iweala on becoming new Director General of the WTO, and we congratulate the World Trade Organization on getting a fantastic capacity as its new Director General”
NABA congratulates WTO and Dr. Ngozi Okonjo-Iweala. Photo: WTO
Although there are several challenges waiting for Dr. Ngozi when taking up her new role 1st of March, 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”, says Fjeldstad.