Tuesday, August 01, 2017 5.00pm/Industries, Trade & Investments
The Minister of Industries, Trade and Investments Dr. Okechukwu Enelamah has been elected as the new Vice Chairperson of the World Trade Organization representing Africa, for the 11th World Trade Organization (WTO) Ministerial Conference.
His election was decided at the July 26th WTO General council meeting, which acts on behalf of the Ministerial conference on all WTO affairs.
The Ministerial Conference, which meets bi-annually, is the key decision making body of the organization.
This election is indicative of the significant role Nigeria is playing at the WTO, alongside its trade policy initiatives.
Enelamah’s appointment comes at a critical period Nigeria seeks to assert itself, as a competitive African economy in the globe.
The conference brings together members of the organization, all of which are countries and customs unions and can take decisions on matters under any of the multilateral trade agreements.
It also meets as the Dispute Settlement and Trade Policy Review Body to oversee procedures for settling disputes between members and to analyse members’ trade policies
Other Bureau members of the 11th Ministerial Conference include; Chairperson Susanna Maclora of Argentina, Vice Chaiperson Todd McClay, Honourable Minister of Trade New Zealand, Vice Chairperson Edward Yau, Secretary of Commerce and Economic Development, Hong Kong, China.
The World Trade Organization based in Geneva, Switzerland will hold its next Ministerial Conference on the 10-13, December 2017 in Buenos Aires, Argentina.