World Trade Organization Director-General Ngozi Okonjo-Iweala on Tuesday said that India’s policy on foreign direct investment is ambiguous and can be strengthened. At the CII Partnership Summit, she said that companies trying to invest in India face lengthy approval processes. “There are still some policies to strengthen. The policy on FDI remains ambiguous and can … Read more
World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala on Friday said India‘s concerns towards protecting its food security and getting a fair deal at the ongoing negotiations on elimination of fisheries subsidies deserved to be heard and will be heard. She said she’s hopeful of a good outcome at the upcoming ministerial conference. Winding up … Read more
India is hopeful of an early outcome at the World Trade Organization (WTO) on its proposal seeking patent waivers on Covid-related medical products including vaccines, officials said. New Delhi took up the issue with the WTO director general Ngozi Okonjo-Iweala who is on a three-day visit to India ahead of the 12th Ministerial Conference (MC12) … Read more
Failing to ensure wider access to COVID-19 vaccines could undermine the global economic and trade recovery, a report of the World Trade Organization (WTO) warned on Thursday. The Director-General’s mid-year report on trade-related developments presented to members on Thursday calls on WTO member countries to ensure that markets remain open and predictable. WTO Director-General Ngozi … Read more
The head of the World Trade Organization said on Saturday she hoped that post-Brexit tensions between Britain and the European Union would not escalate into a trade war. “I would really, really hope that a UK-EU trade war will not take place,” WTO Director-General Ngozi Okonjo-Iweala said in response to a question when speaking to … Read more
GENEVA: The World Trade Organization announced Thursday that South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director-general, ensuring a woman in the top job for the first time. A selection committee said that Ngozi Okonjo-Iweala of Nigeria and Yoo Myung-hee of South … Read more