x

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

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

Hot this week

Bandits Threaten to Kill 32 Abducted Kaduna Villagers Over ₦30m Ransom

Residents of Kutaho and Kugir communities in Aribi Ward,...

Ombugadu: Why I Joined APC, As Thousands of Women Mobilise for Tinubu, 2027

From Abel Zwanke,, LafiaFormer governorship candidate of the Peoples...

NEMA Warns Nigerians Against Fire Disasters, Heat-Related Health Risks

By Joyce Remi-BabayejuThe National Emergency Management Agency (NEMA) has...

Eid-el-Fitr: Kogi Revenue Chairman Sends Greetings to Staff

The Executive Chairman of the Kogi State Internal Revenue...

Eid-el-Fitr: Wike Urges Unity, Peaceful Coexistence Among Abuja Residents

By Joyce Remi-BabayejuThe Minister of the Federal Capital Territory...

Wike Approves FCT Disability Desk

… FCTA Reinstates Commitment to PLWD InclusionBy Joyce Remi-...

FG moves to strengthen Mining Laws

By Ogenyi Ogenyi UyoThe president Nigeria Mining and Geosciences...

Kogi NUJ Correspondents’ Chapel to Hold 2026 Press Week in Lokoja

The Correspondents’ Chapel of the Nigeria Union of Journalists...

Eid-el-Fitr: Kogi Revenue Chairman Sends Greetings to Staff

The Executive Chairman of the Kogi State Internal Revenue...

Eid-el-Fitr: Kogi Governor Ododo Urges Unity, Prayers for Nigeria

Kogi State Governor Ahmed Usman Ododo has extended Eid-el-Fitr...

Related Articles

Popular Categories

spot_imgspot_img