Home NEWS US Officially Backs Okonjo-iweala To Lead The WTO As Director-General

US Officially Backs Okonjo-iweala To Lead The WTO As Director-General

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The Office of the United States Trade Representative, in a written statement today, “strongly backed the candidacy of Ngozi Okonjo-Iweala.”

Earlier today, the South Korea’s candidate for the Director-General post of the World Trade Organisation (WTO-DG), Yoo Myung-Hee announced she was withdrawing from the race, clearing the path for Nigeria’s Ngozi Okonjo-Iweala whom the General Council announced in October 2020 as the consensus candidate.

The WTO-DG selection process commenced in July 2020 following the untimely resignation of Brazilian Robert Azevedo, a year before the expiration of his tenure.

It had gone through screening processes culminating in its consideration for the final two pick: Myung-Hee and Okonjo-Iweala.

No fewer than 100 countries backed Nigeria’s former Finance Minister.

The WTO has 164 registered countries as members.

The United States, under the Trump administration, had favoured Yoo, complicating the decision-making process since the selection of a new leader requires all WTO members to agree.

Reports of the Korean’s seeming withdrawal first came up in November 2020 after Trump’s election loss.

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