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WTO: Iweala Sole Candidate As Myung-hee Withdraws

Nigeria’s Ngozi Okonjo-Iweala, has become the sole candidate in the race for the position of the  Director-General of the World Trade Organisation WTO, as South Korean Trade Minister, Yoo Myung-hee withdrew her bid to contest.

This was disclosed by Myung-hee after she had mentioned it to the United States, according to Bloomberg.

According to the report, she took various issues into account “comprehensively” including the need to revitalize the multilateral organization before arriving at this point.

Myung-hee’s withdrawal comes after dozens of former US government officials urged President Joe Biden to endorse Okonjo-Iweala after the Trump administration blocked her selection. The opposition halted the selection process because WTO decisions are made on the basis of a consensus of its members.

If confirmed, Okonjo-Iweala would be the first woman and the first African to lead the organization in its 25-year history.

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