WTO: South Korea to Withdraw Candidate for Okonjo-Iweala’s Emergence as DG
There are indications that Nigeria’s Dr. Ngozi Okonjo-Iweala may emerge as the only contestant for the Director-General of the World Trade Organisation (WTO) given the feelers that South Korea’s Yoo Myung-hee, is likely to withdraw her candidacy, according to Washington Trade Daily on Tuesday.
This may not be unconnected to the result of US presidential election which Donald Trump, who is virulently opposed to Iweala, lost.
The daily posted on its Twitter handle that South Korea has decided to withdraw its candidate, Myung-hee, from the contest.
The Daily also reported that South Korea had already informed the US of its decision to withdraw its candidate for the race.
“Korea plans to withdraw Trade Minister Yoo from the race for new WTO director-general, paving the way for Nigeria’s Ngozi Okonjo-Iweala to be the next DG and the first woman and African in the role,” Washington Trade Daily tweeted on its handle, @washtradedaily.
Recall that recently, the WTO General Council Chair, David Walker, announced that the meeting to decide the next WTO Director-General had been postponed, because of the new COVID-19 restrictions in Geneva and “current events”, which may not be unconnected to the US election.
Okonjo-Iweala has the support of the majority to become the next Director-General of the WTO, but the United States, under Trump, favours the South Korean candidate, therefore blocking the selection of Ms. Okonjo-Iweala as a consensus candidate.
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