WTO Conference Highlights Shift to Value Creation in African Economies
What happened
At the WTO Presidential Conferences on October 29, 2026, President Alassane Ouattara of Côte d’Ivoire supported the call for re-globalization made by Director-General Ngozi Okonjo-Iweala. He stated that this process requires improving infrastructure, developing skills, and facilitating access to financing. The aim is to help developing countries move away from exporting raw materials toward value creation and industrial transformation.
From ivorian.net
Why it matters
The discussion emphasizes a strategic shift for developing nations in Africa, moving beyond primary commodity exports. By focusing on industrial production, innovation, and technology transfer, countries aim to increase competitiveness and capture greater value in the global economy.
From ivorian.net
Who's involved
- Ngozi Okonjo-IwealaDirector-General of the World Trade Organization
- World Trade OrganizationIntergovernmental organization supervising international trade
- AfricaContinent where Ngozi Okonjo-Iweala advocates for economic development
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The entities involved
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Ngozi Okonjo-Iweala
Director-General of the World Trade Organization
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