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Okonjo Iweala To Become WTO Head - Politics - Nairaland

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Okonjo Iweala To Become WTO Head by PDPGuy: 4:24pm On Feb 05, 2021
The path has been cleared for Nigeria's Ngozi Okonjo-Iweala to become the first woman and the first African to lead the World Trade Organization after South Korea's candidate pulled out of the race for the job.

Yoo Myung-hee, the South Korean trade minister, announced her decision to withdraw in a televised briefing on Friday.

Okonjo-Iweala, an economist and former finance minister of Nigeria, already enjoyed broad support from WTO members, including the European Union, China, Japan and Australia.

However, the United States, under the Trump administration, had favored Yoo, complicating the decision-making process since the selection of a new leader requires all WTO members to agree. Okonjo-Iweala's formal selection may have to wait until after the United States appoints a new trade representative.

Yoo said that her decision had been reached after "close consultation" with the United States. The WTO had been without a leader for too long, she added.
The Geneva-based body, tasked with promoting free trade, has been without a permanent director general since Roberto Azevêdo stepped down a year earlier than planned at the end of August after the WTO was caught in the middle of an escalating trade fight between the United States and China.

https://edition.cnn.com/2021/02/05/business/wto-nigeria-ngozi-okonjo-iweala/index.html?utm_source=fbCNNi&utm_campaign=africa&utm_medium=social&fbclid=IwAR2S-O0DjFOJcyS8EjDNR3gaTI4XdFbHviZ7STDiQ-BD3eWp3HS8tbSPOdw
Re: Okonjo Iweala To Become WTO Head by Mynd44: 4:31pm On Feb 05, 2021

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