Home WORLD NEWS WTO: Glimmers of Hope For Okonjo-Iweala as Rival opts for withdrawal from DG Race

WTO: Glimmers of Hope For Okonjo-Iweala as Rival opts for withdrawal from DG Race

by FAMOUS REPORTERS
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There are glimmers of hope for a successful emergence as the
the World Trade Organisation (WTO) Director General, for Okonjo-Iweala.

This is evident as South Korea seems to have decided to withdraw its trade minister, Yoo Myung-hee, from the race thus facilitating the Nigeria’s candidate, Dr. Ngozi Okonjo-Iweala, to be confirmed as the head of the global trade body.

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Washington Trade Daily (WTD) quoted people familiar with the development to have disclosed South Korea was expected to announce its decision to withdraw Myung-hee in the coming days to enable the WTO’s General Council appoint Okonjo-Iweala.

The Washington-based news medium stressed that South Korea had already conveyed its decision to the United States, which had been insisting on the selection of Myung-hee.

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Part of the reason for the position adopted by the United States against Okonjo-Iweala, is that she is perceived to be close to the Democratic Party, according to the WTD.

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