Okonjo-Iweala reiterates vital role WTO can play in COVID-19 vaccine production - Uju Ayalogu's Blog for News, Reviews, Articles and More

Breaking News

Post Top Ad

Monday, 7 September 2020

Okonjo-Iweala reiterates vital role WTO can play in COVID-19 vaccine production

Okonjo-Iweala reiterates vital role WTO can play in COVID-19 vaccine production

Dr. Ngozi Okonjo-Iweala has reiterated the vital role the World Trade Organisation can play in producing a coronavirus vaccine.

Okonjo-Iweaka underscored the role of the global trade body in Geneva at a reception held in her honour by the Nigerian Permanent Mission to the UN, while appealing for global support for her candidacy as the race for the WTO Director General position enters the election phase.

She said: “When vaccines and therapeutic medicine are produced, the WTO should be able to facilitate accessibility and equitable distribution to all member nations.

“To this end, trade has to be a strong recovery out of the global recession.

“And that makes a multilateral trading system part of the solution.”

READ ALSO:   Why more Nigerians are migrating – IOM

Okonjo-Iweala, who currently chairs the Board of GAVI, the Global Alliance for Vaccines and Immunisation, is the only candidate at the centre of public health vying for the WTO top job.

She said her experiences in GAVI were an added advantage, as they would enable her to bridge the gap between developed and developing countries in the drive toward producing vaccines.

According to her, e-Commerce and digital economy are vital forms of trade in the new normal brought about by the coronavirus pandemic.

She, however, spoke of the need to address the digital divide challenge dichotomy between developing and least developed countries, where infrastructure remains a major impediment to such form of trade.

Okonjo-Iweala said: “There is need for WTO to collaborate with finance agencies to address these issues otherwise it remains an impediment to multilateral trading system.

“If elected as director general, you have an ally, who is interested in addressing these challenges.”

In his remarks, Adebayo Adeniyi, Nigeria’s Minister of Trade and Investment, described Okonjo-Iweala as a global icon with proven leadership skills that the WTO would require.

Adeniyi, who was represented by Abdulhamid Adamu, Charge d’ Affairs of the Nigerian Trade Office in Geneva, stated that Okonjo-Iweala has achieved a lot of positives some of which are spearheading negotiations and reforms that enhanced transparency of government accounts, as well as strengthening institutions against corruption.

In separate presentations, Ambassador Baba Madugu, Nigeria’s Ambassador to Switzerland, and Ambassador Leopold Samba of the Central African Republic, applauded  Okonjo-Iweala for her desire to be the WTO chief.

They described her as the best candidate for the position given her pedigree and skills.

The event was attended by WTO ambassadors, members of the diplomatic corps of the UN in Geneva, and international trade experts.

Candidates from Mexico, Egypt, Moldova, Republic of Korea, Kenya, UK, and Saudi Arabia are also vying for the WTO top job.

READ ALSO:   Passengers burn beyond recognition in Anambra accident — FRSC

Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984

For More:   Subscribe to Ujuayalogusblog.com

Subscribe to Our Posts via Email

Share This

No comments:

Post a comment

Listen to This Beautiful New Talent - Winter Wolf - Singing "What a Waste"

Post Bottom Ad