Previously criticized by the Trump administration for having no trade experience when she was nominated for the post and having been embroiled in corruption during her tenure as Nigerian finance minister, Ngozi Okonjo-Iweala is the new president of the World Trade Organization (WTO).
The Nigerian, who is backed by the Chinese Communist Party (CCP) for her globalist views favoring the predatory trade practices of the CCP, studied at Harvard and MIT and has a 25-year career at the World Bank.
According to Breitbart, her nomination, which was blocked by pressure from former President Trump, won praise from the current administration’s U.S. Chamber of Commerce and the Chinese trade minister.
Robert Lighthizer, Trump’s former U.S. trade representative (USTR), previously criticized her nomination due to a lack of experience when it comes to the WTO’s core mission.
“We need a person who actually knows trade, not somebody from the World Bank who does development. There are very few areas where you would say, ‘Here’s an organization in very bad shape, let’s get someone who knows nothing about its core mission,'” Lighthizer criticized.
According to an Agence France-Presse (AFP) report, while Okonjo-Iweala was Nigeria’s finance minister, large amounts of money from the country’s oil revenue went missing.
In addition, Nigerian human rights activist Olanrewaju Suraju said Okonjo-Iweala did nothing to stop the destruction of the country when “she had the opportunity to resign from office and expose the corruption.”
“Rather, she kept quiet and allowed high level corruption to fester under the regime, only to complain after leaving office,” Suraju said.
Globalist vision preying on local economies
In its report AFP noted that Okonjo-Iweala spoke out against “growing protectionism and nationalism” and called for the removal of “some of the barriers created by intellectual property and technology transfer laws.”
The former minister’s statements fit with a globalist vision of the economy and the CCP’s policies, which on the one hand floods international markets with its cheap labor Chinese goods while at the same time tariffs imports generating a trade deficit with its partners, a predatory practice that Trump had managed to curb.
Such is the case with the United States, that in 1985 before China was named a member of the WTO, the U.S. trade deficit with China was $6 billion. In 2019 that figure rose to $345 billion.
It is also the case for most developing economies in South America and Africa, whose markets are totally dependent on China and even many of these governments are indebted to the CCP by taking loans, which due to their inflationary economies, they can never finish paying back.