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The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has urged Nigeria to guard against entering into unfavourable bilateral trade agreements with rich countries.
By Dike Onwuamaeze
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has urged Nigeria to guard against entering into unfavourable bilateral trade agreements with rich countries.
She advised Nigeria and other African countries to embrace multilateral trade agreements through the WTO instead of entering into agreements that might put them at a disadvantaged position in global trade.
Okonjo-Iweala, during the Forbes Leading Women Summit 2021 edition tagged “One-on-One with Ngozi Okonjo-Iweala,” held virtually on Tuesday as part of activities to mark the 2021 International Women’s Day, said: “The WTO is important because it provides a forum for multilateral trade. So, what else has Nigeria got to do, and African countries have to do so that we do not enter into a lot of bilateral trade relationships with rich countries where we will be at a disadvantage? We must bring them to the multilateral negotiation table at the WTO, Nigeria included.�