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

Whatsapp News

South Korea’s candidate for - World Organisation (WTO), Yoo Myung-Hee, has announced she will withdraw from race.

It clears the path for Nigeria’s Ngozi Okonjo-Iweala who the Council announced late last year as the consensus candidate.

The World Organization’s Council Chair David Walker announced in last October Nigeria’s Ngozi Okonjo-Iweala had garnered the most support among WTO members to become the next global chief but her appointment vetoed by the .

Korea’s Trade Minister Yoo Myung-hee announced Friday that she would withdraw her candidacy for the next World Trade Organization (WTO) -General.

Korea will continue to work with responsibility for the restoration 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.

Myunghee1’s withdrawal does not mean @NOIweala immediately becomes the WTO next -General.

That appointment is taken in a formal decision by the WTO’s 164 members.

Since the .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 from any WTO members, the chairman the WTO general council, David Walker, can announce the resumption the WTO suspended October general council to consider the appointment of a new Director-General.

The Nation