WTO DG: Road clears for Okonjo-Iweala as South Korea, Yoo withdraws from race


By Mukwuzi Joseph

The coast seems to be clear for Dr Ngozi Okonjo-Iweala to emerge as the next Director-General of the World Trade Organisation (WTO) as her only opponent, South Korean Yoo Myung-hee is set to withdraw 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.

Leave a Reply

Your email address will not be published. Required fields are marked *