WTO – Okonjo-Iweala could come out unopposed as Korean candidate falls – Report

The former Minister of Finance of Nigeria, dr. Ngozi Okonjo-Iweala, may be the only contender for the director-general of the World Trade Organization (WTO), as her opponent, South Korean Yoo Myung-hee, may soon withdraw from the race.

A report by the Washington Trade Daily states that South Korea has decided to withdraw its candidate from the WTO post.

Myung-hee is the Minister of Trade in South Korea.

The Washington Trade Daily reports that South Korea has notified the US of its decision to withdraw its candidate for the race.

“Korea plans to withdraw Trade Minister Yoo from race for new WTO Director-General, paving the way for Nigeria’s Ngozi Okonjo-Iweala to be the next DG and first woman and African , “Washington Trade Daily tweeted on its handles. , @washtradedaily.

Recall that David Walker, Chairman of the WTO General Council, recently announced that the meeting to decide on the next WTO Director-General had been postponed due to the new COVID-19 restrictions in Geneva and the “current events”, which may not be connected after the US election.

Okonjo-Iweala has the support of the majority to become the next director-general of the WTO, but the United States, which prefers the South Korean candidate, is blocking the choice of Ms. Okonjo-Iweala.

However, the reported plan of the South Korean candidate to retire and the victory of Joe Biden in the US presidential election offer Okonjo-Iweala the clear chance to clinch the position.


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