WTO: Biden Asked To Endorse Okonjo-Iweala As Korean Candidate Withdraws

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Bloomberg reports Friday that the South Korean Trade Minister Yoo Myung-hee has withdrawn her bid to lead the World Trade Organisation, leaving Nigerian Finance Minister Ngozi Okonjo-Iweala as the only remaining candidate for the job.

Yoo was said made the decision after discussions the and major nations, and took various issues into account “comprehensively” including the need to revitalize the multilateral organization, according to a statement from Korea’ trade ministry Friday.

The withdrawal comes after dozens US government officials President Joe to endorse Okonjo-Iweala after the blocked her selection. The halted the selection process because WTO decisions are made the basis a consensus its members.

The PUNCH had earlier reported that the 66-year-old minister said she remained positive becoming the first African and first female director-general in the 25-year history the WTO despite ‘hiccups’.

Okonjo-Iweala serves on Twitter’ , as chair of the GAVI vaccine alliance as well as a envoy for the World Health Organisation’ COVID-19 fight.