February 17, 2021
1 min read

Russia ready to foster ties with new WTO chief

WTO members on Monday agreed by consensus to appoint Nigeria’s Okonjo-Iweala as the organization’s seventh director-general….reports Asian Lite News

Economic Development Minister Maxim Reshetnikov said Russia has expressed willingness to foster cooperation with Ngozi Okonjo-Iweala, the newly-appointed director-general of the World Trade Organization (WTO).

“We intend to cooperate constructively with the new director-general, assist her in improving the organization for the benefit of its members, and seek to enhance the efficiency of regular and negotiating work within the WTO,” Reshetnikov said in a statement published by his ministry on Tuesday, Xinhua news agency reported.

Okonjo-Iweala’s extensive professional experience and strong international standing will help her solve the urgent challenges facing the WTO and strengthen the role of the organization in the multilateral trading system, he added.

WTO members on Monday agreed by consensus to appoint Nigeria’s Okonjo-Iweala as the organization’s seventh director-general.

After taking office on March 1, Okonjo-Iweala will become the first woman and the first African to serve as the chief of the 26-year-old global trade body.

Also read:NZ pulls back troops from Afghanistan by May

Previous Story

40 plus fashion thoughts

Next Story

Hungary set to receive Chinese vaccines

Latest from -Top News

Trump Targets BRICS Allies with New Tariff

This move coincides with the ongoing BRICS summit being held in Rio de Janeiro, Brazil…reports Asian Lite News US President Donald Trump has announced that an additional 10 per cent tariff will

BRICS Endorses India’s Stand on Terror

The treaty proposed by India within the UN framework aims to provide a comprehensive legal basis for combating terrorism….reports Asian Lite News The leaders’ joint statement, issued after the 17th BRICS summit

BRICS Slams US Tariff Hikes

The leaders criticised developed nations for using environmental issues to justify trade restrictions on developing countries….reports Asian Lite News Rio de Janeiro, July 7 (IANS) Embroiled in a trade war launched by

US Tariffs Pushed to August Amid Talks

In April, Trump announced a base tariff of 10 per cent on most of America’s trading partners and thereafter additional duties ranging up to 50 per cent….reports Asian Lite News US President

Indonesia Joins BRICS Bloc

This year’s BRICS Summit saw an expanded format, reflecting the grouping’s growing relevance in international affairs….reports Asian Lite News Prime Minister Narendra Modi formally welcomed Indonesian President Prabowo Subianto into the BRICS
Go toTop