WTO: Okonjo-Iweala is sole candidate as South Korean withdraws

By Samuel Oamen with Agency reportsSouth Koreas candidate for the Director-General of the World Trade Organisation (WTO), Yoo Myung-Hee, has announced she will withdraw from the race.It clears the path for Nigerias Ngozi Okonjo-Iweala who the General Council announced late last year as the consensus candidate.The World Trade Organizations General Council Chair David Walker announced in last October Nigerias 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.Koreas Trade Minister Yoo Myung-hee announced on Friday that she would withdraw her candidacy for the next World Trade Organization (WTO) Director-General.Read Also:Okonjo-Iwealas potential selection as WTO DG remarkable, says AdebayoKorea 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.Myunghee1s withdrawal does not mean @NOIweala immediately becomes the WTO next Director-General.That appointment is taken in a formal decision by the WTOs 164 members.Since the U.S. is the only WTO member blocking Okonjo-Iwealas candidacy, it remains to be seen whether the Biden administration will reverse the Trump administrations 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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