L-R: Founding Partner, Streamsowers & Köhn, Etigwe Uwa (SAN); Head of Investment Banking for International Clients, Standard Bank Group, Yewande Sadiku; publisher of The Guardian, Lady Maiden Ibru; Director-General, World Trade Organisation, Dr Ngozi Okonjo-Iweala; Founding Partner, Streamsowers & Köhn, Kemela Okara; media personality and broadcaster, Nancy Iloh; and Founding Partner, Streamsowers & Köhn, Chiagozie Hilary-Nwokonko, during the 20th anniversary celebration of commercial law firm Streamsowers & Köhn, in Lagos… on Thursday. Photo: Streamsowers & Köhn
The Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, has said the growing erosion of trust among nations poses one of the biggest threats to global trade, investment and economic stability.
She said the rising mistrust was creating uncertainty that was hurting businesses worldwide.
According to a statement on Friday, the WTO Director-General stated this during a fireside conversation at the 20th anniversary of commercial law firm Streamsowers & Köhn in Lagos on Thursday.
The former Nigerian Minister of Finance said countries that once regarded one another as reliable partners were increasingly questioning each other’s intentions, leading to conflict, missed opportunities and a fragmented global economy.
