WTO: How Okonjo-Iweala, S. Korea’s Yoo became last two contenders

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The World Trade Organization is set to have its first female leader after Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee made it through Thursday to the final run-off.

Whoever wins the contest — with a decision due before November 7 — will take over an organisation mired in multiple crises and struggling to help member states navigate a severe global economic slump triggered by the coronavirus pandemic.

Roberto Azevedo stepped down as WTO director-general in August a year ahead of schedule. The initial pool of eight candidates to replace him was narrowed down to five in last month’s first round.

Britain’s Liam Fox, Kenya’s Amina Mohamed and Saudi Arabia’s Mohammad al-Tuwaijri were knocked out in the second round Thursday.

“Ngozi Okonjo-Iweala of Nigeria and Korean minister Yoo Myung-hee will advance to the third and final stage,” WTO spokesman Keith Rockwell told reporters at the global trade body’s headquarters in Geneva.

The pair received a boost earlier this week when EU member states officially threw their weight behind them.

Rather than voting, the 164 WTO member states make decisions by consensus only, and have been narrowing down the field of candidates through lengthy consultations.

In WTO’s tweet on Thursday, October 8, said, ”These are the candidates moving on for members’ further consideration. The result creates an historic precedent for the WTO: the 7th Director-General will become the first woman to lead the Organization. Consultations resume on 19 Oct #WTODG

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