Optimize IAS
  • Home
  • About Us
  • Courses
    • Prelims Test Series
      • LAQSHYA 2026 Prelims Mentorship
    • Mains Mentorship
      • Arjuna 2026 Mains Mentorship
  • Portal Login
  • Home
  • About Us
  • Courses
    • Prelims Test Series
      • LAQSHYA 2026 Prelims Mentorship
    • Mains Mentorship
      • Arjuna 2026 Mains Mentorship
  • Portal Login

WTO gets new Director General

  • March 2, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
No Comments

 

 

WTO gets new Director General

Subject: International Organizations

Context: New DG Ngozi Okonjo-Iwewala, a Nigerian-American economist, took over the charge of WTO.

Concept:

  • She is the first woman chief of the WTO. She is also the first African to hold the office of WTO as its director-general.

About WTO

  • The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
  • The WTO started functioning on 1 January 1995 as the successor body of General Agreement on Tariffs and Trade (GATT) which was in place since 1948.
  • WTO agreements, negotiated and signed by the world’s trading nations and ratified in their parliaments are the driver of WTO-based framework.
  • All major decisions are made by the WTO’s member governments: either by ministers (who usually meet at least every two years) or by their ambassadors or delegates (who meet regularly in Geneva).
  • The WTO’s top decision-making body is the Ministerial Conference (usually takes place every two years).
  • Below this is the General Council (day to day decision making body) and various other councils and committees.
  • The WTO has over 164 members representing 98 per cent of world trade.
  • Ordinarily, decisions are made by consensus in the WTO. Most recent member is Afghanistan (2016).
  • Last ministerial conference was in Buenos Aires, Argentina in 2017 and is supposed to be held in Kazakhsthan in 2021.
  • WTO also has a Dispute Settlement Framework in place to resolve disputes between nations.
International Organisations WTO gets new Director General

Recent Posts

  • Daily Prelims Notes 23 March 2025 March 23, 2025
  • Challenges in Uploading Voting Data March 23, 2025
  • Fertilizers Committee Warns Against Under-Funding of Nutrient Subsidy Schemes March 23, 2025
  • Tavasya: The Fourth Krivak-Class Stealth Frigate Launched March 23, 2025
  • Indo-French Naval Exercise Varuna 2024 March 23, 2025
  • No Mismatch Between Circulating Influenza Strains and Vaccine Strains March 23, 2025
  • South Cascade Glacier March 22, 2025
  • Made-in-India Web Browser March 22, 2025
  • Charting a route for IORA under India’s chairship March 22, 2025
  • Mar-a-Lago Accord and dollar devaluation March 22, 2025

About

If IAS is your destination, begin your journey with Optimize IAS.

Hi There, I am Santosh I have the unique distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do.

Contact us

moc.saiezimitpo@tcatnoc

For More Details

Work with Us

Connect With Me

Course Portal
Search