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The Standard Gazette
Online Daily News Portal | Online Newspapers

Coast Clear For Okonjo-Iweala To Be Confirmed WTO DG

… As South Korea Withdraws candidate 

Nigeria’s former two time Finance Minister, Dr. Ngozi Okonjo-Iweala is now almost certain to be the first Female Director General of the World Trade Organisation, WTO. 

This is as her sole challenger for the plum job is set to announce her withdrawal from the race. 

According to report, South Korea is to announce the withdrawal of her Minister of Trade and nominee for the WTO DG race in the coming days. 

Her withdrawal from tgr race follows her inability to gather widespread support, unlike her rival Ms. Okonjo-Iweala who enjoys broad appeal and support despite opposition from the United States Government. 

Ms. Okonjo-Iweala, who is a former Managing Director of tgr World Bank is reported to have gotten the endorsement of 104 member nations out of 164 during a vote in October. 

But the President Donald Trump led United States government vehemently rejected her appointment, citing her lack of the necessary trade experience needs for the WTO job. 

A statement from its Trade affairs office said Ms. Yoo Myung – Hee has better trade credentials than her rival, Ms. Okonjo-Iweala. 

The WTO General Council was billed to affirm its position on the Director General’s job status on November 9th, but was postponed owing to COVID-19 concerns. 

The trade bloc has been meeting virtually since the outbreak of COVID-19 and has scheduled  December 17, 2020 for its General Council to meet. 

82 member nations out of its 164 association must meet in order to form a quorom. 

If Ms. Okonjo-Iweala is ratified, she would becomes the first female DG in history.