WTO chief calls for elimination of barriers facing businesses for economic growth

World Trade Organization Director-General Dr. Ngozi Okonjo-Iweala called on authorities to eliminate barriers facing businesses, especially those owned by women, to stimulate economic growth post-COVID-19.

The WTO chief made the call during a meeting with women entrepreneurs and representatives of micro, small and medium-sized enterprises as she concluded her three-day visit to Nigeria.

She noted, “Lowering the obstacles for businesses of all sizes, and especially women-owned businesses, to participate in international trade would help build back a better economy for everyone after this crisis.”

She said linking MSMEs, especially women-owned businesses, to regional and international market opportunities was crucial as more people will then benefit from trade. This will improve living standards and create jobs.

A UN Women report revealed the pandemic will push 96 million people into extreme poverty by 2021, half of whom are women.

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