Ngozi Okonjo-Iweala
South Korea’s candidate for the Director General of World Trade Organisation (WTO) You Myung-hee, has announced she will withdraw from the race.
This has cleared the path for Nigeria’s Okonjo-Iweala who the General Council announced late last year as the consensus candidate.
The WTO’s General Council Chair, David Walker announced in last October Nigeria’s Ngozi Okonjo-Iweala has garnered the most support among WTO members to become the next global trade chief but her appointment but her appointment was vetoed by the United States under former President Donald Trump.
South Korea Trade Minister You Myung-hee announced on Friday that she would withdraw her candidacy for the next WTO Director-General and stated that her country will continue to work with responsibility for the restoration of the multilateral trading system.
NOI, as she is fondly called, will be the first female and first African to head the WTO if affirmed by its 164 members.
Myung-hee’s withdrawal does not mean that Iweala immediately becomes the WTO next Director-General.
The appointment will be taken in a formal decision by the WTO’s 164 members.
Since the U.S. is the only WTO member blocking Okonjo-Iweala’s candidacy, it remains to be seen whether the Biden administration will reverse the Trump administration’s veto and support her.
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.
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