Following the withdrawal of South Korea’s candidate for the Director-General of the World Trade Organisation (WTO), Yoo Myung-Hee from the race, Nigeria’s Ngozi Okonjo-Iweala who the General Council announced late last year as the consensus candidate is now the some candidate for the position.
The World Trade Organization’s General Council Chair David Walker announced last October Nigeria’s Ngozi Okonjo-Iweala had garnered the most support among WTO members to become the next global trade chief but her appointment was vetoed by the United States.
Korea’s Trade Minister Yoo Myung-hee however announced on Friday that she would withdraw her candidacy for the next World Trade Organization (WTO) Director-General.
Korea will continue to work with responsibility for the restoration of the multilateral trading system.
Ngozi Okonjo Iweala herby stands a chance to make history as the first female and first African to head the WTO if affirmed by its 164 members.
Myunghee1’s withdrawal however does not translate to an immediate appointment as the WTO next Director-General for Okonjo Iweala.
Appointment as DG is taken in a formal decision by the WTO’s 164 members.
it is he left to the Biden administration to reverse the Trump administration’s veto and support her as the US was the only country blocking her appointment based on Trump’s decision.
If there is no opposition from any WTO members, the chairman of the WTO general council, David Walker, can announce the resumption of the WTO suspended October general council meeting to consider the appointment of a new Director-General.