Okonjo-Iweala
Nigeria’s former minister of finance and the frontrunner in the WTO DG race, Ngozi Okonjo-Iweala, is set to be named the new Director-General of the World Trade Organisation (WTO) after South Korea reportedly decided to withdraw its Trade Minister, Yoo Myung-hee from the race.
According to the Washington Trade Daily, Seoul is expected to announce this decision in the coming weeks; thereby facilitating the appointment of Okonjo-Iweala, based on sources close to the situation.
South Korea has already conveyed its decision to the United States; which had been insisting on the selection of Yoo.
The Donald Trump-led US administration had refused to accept the recommendation made by the WTO’s selection panel that Okonjo-Iweala be confirmed as DG, despite being voted for by 163 out of 164 members.
With South Korea’s withdrawal of Yoo, Okonjo-Iweala now has a clear path to be named the first female and first African head of the global trade body.
Follow us on:
Kemi Badenoch has pledged to "renew" the Conservative Party and reclaim voters as she was…
Peter Obi has criticised the court ruling withholding funds to Rivers State, calling it disturbing…
AGF Fagbemi has taken over the prosecution of 114 #EndBadGovernance protesters, addressing alleged treason and…
NNPC and Morocco's ONHYM has advanced the $26 billion African Atlantic Gas Pipeline, emphasising regional…
TCN has restored power on the Gombe-Damaturu-Maiduguri line, fully operational again after vandalism halted service.
Nineteen people were injured in central Israel after three projectiles were launched from Lebanon early…