WTO Job: Coast Clear For Okonjo-Iweala As Only Opponent Withdraws
Former Finance Minister, Dr Ngozi Okonjo-Iweala has edged closer to securing the job of Director-General of the World Trade Organisation (WTO).
This followed Friday’s withdrawal of her only remaining opponent and Trade Minister of South Korea, Yoo Myung-hee, Bloomberg reports.
She was said to have made the decision to withdraw after discussions with the United States and other major nations and took various issues into account “comprehensively” including the need to revitalise the multilateral organization.
As the WTO DG is selected based on the consensus of member nations, Okonjo-Iweala had encountered a major obstacle after the United States declared its support for Ms. Yoo.
But with the Trump administration now out of office, and many former US government officials rooting for her, Okonjo-Iweala is expected to secure the Biden administration’s nod.