Business & Economy
0 1 min read

WTO says chief Ngozi Okonjo-Iweala to seek second term

block

AFP, GENEVA :

Ngozi Okonjo-Iweala, the first woman and first African to head the World Trade Organization, will seek a second four-year term when her mandate expires next August, her spokesman said Monday.

“We can confirm that Dr. Ngozi Okonjo-Iweala has officially announced her intention to seek a second term as Director-General of the WTO,” spokesman Ismaila Dieng said in a statement.

block

Dieng said the 70-year-old had taken into account “the overwhelming and broad-based support expressed by members”.

Her current term at the helm of the 166-member WTO ends in August 2025.
Her decision to seek another term was officially communicated to WTO chair Norwegian Ambassador Petter Olberg on Monday.

The WTO’s African Group formally requested that she make herself available for a second term at that same meeting, and proposed that the process to re-nominate her should begin as soon as possible.
So far no other candidates have come forward.

block
Related

BSEC forms committee to probe into ‘irregularities’ in Nafeez Sarafat’s company

Business Report : The Bangladesh Securities and Exchange Commission (BSEC) has formed a committee to probe into irregularities in the asset management company, Strategic Equity Management Limited (SEML), owned by Chowdhury Nafeez Sarafat and his wife. The capital market regulator formed the committee on Wednesday to be headed by BSEC Additional Director Md Emdadul Haque, its Deputy Director Rafiqun Nabi and Assistant Director Md Abu Hena Mostafa. According to the regulatory agency sources, Nafeez, also former chairman of Padma Bank,...

World Bank Vice President Martin Raiser arrives in Dhaka

Business Report : The World Bank Vice President for the South Asia Region Martin Raiser arrived in Dhaka on Wednesday for a two-day visit. During his stay, Raiser is scheduled to meet with Chief Adviser Prof Muhammad Yunus, Finance Adviser Salehuddin Ahmed, Energy Adviser Muhammad Fouzul Kabir Khan, Bangladesh Bank Governor Ahsan H Mansur, and other senior government officials, according to a statement. The visit comes at a time when the interim government, sworn in last month after the ousting...

Berger Paints BD ink deal with ABB Cellier

Business Report : Berger Paints Bangladesh Limited has joined forces with France based company ABB Cellier for establishing world class automated production facility at its upcoming third factory in the Mirsharai Economic Zone. Berger Paints Bangladesh Limited (BPBL) began production in Bangladesh at its Kalurghat factory in Chittagong in 1970 and later expanded with another paint production plant in Savar in 1999. For the 3rd factory, beyond supplying key process equipment, ABB Cellier is acting as a process design consultant,...

US apparel, labour associations urge Dr Yunus to release workers arrested during wage protests

Business Report : The American Apparel and Footwear Association (AAFA), the US national trade association representing apparel, footwear and other sewn products companies, and the Fair Labor association (FLA), a US non-profit organisation, have urged the interim government of Bangladesh to immediately release those arrested during the fall 2023 protests over minimum wage. They also called for the removal of all criminal charges against those arrested over minimum wage protests at the time. In a joint letter sent on Wednesday...