Ngozi Okonjo-Iweala Dumped By USA in WTO Race
Fabenmedia reports that the former Nigerian minister of finance, has been dumped by united state and backed South Korea’s trade chief, Yoo Myung-hee, her only contender in the final phase of the race for the Director-General of the World Trade Organization (WTO).
All 27 EU governments, according to Bloomberg, agreed on Monday, October 26 in Brussels to support Okonjo-Iweala over her South Korean rival.
Okonjo-Iweala and Yoo Myung-hee had on October 7, 2020, advanced to the final round of selection to become the next director-general of the WTO.
In September, the initial pool of eight candidates to replace Brazilian Roberto Azevedo, who stepped down as WTO director-general in August – a year ahead of schedule, was narrowed down to five.
Ngozi Okonjo-Iweala Breaks Silence On Emerging WTO DG
The field was reduced from five to two in October, confirming that the 25-year-old Geneva-based trade body would be led by a woman for the first time.
Meanwhile, the WTO is still consulting its member countries about the leadership bids by Okonjo-Iweala and Myung-hee. The organisation plans to announce a winner by November 7.
The European Parliament also endorsed the Okonjo-Iweala’s bid last week, saying it was convinced by Okonjo-Iweala’s vision for the future of multilateralism and advised WTO members to support her bid.