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:
A second Australian teenager has died of suspected methanol poisoning in Laos, bringing to six…
https://www.youtube.com/watch?v=mFlFl1mPGC8 The arrest of self-proclaimed Prime minister of the Biafra Republic, Simon Ekpa who was…
Gatwick Airport's South Terminal was evacuated after a suspected prohibited item was found, prompting bomb…
Trump is considering Kevin Warsh for Treasury Secretary, with a future possibility of him becoming…
Hyundai has recalled 145,235 electrified vehicles in the US. due to potential loss of drive…
AGN president Rollas has stressed the need for actor licensing to ensure fair compensation and…