x

WTO: Okonjo-Iweala’s South Korean Rival, Yoo Myung-hee, Withdraws From DG Race

South Korea appears to have decided to withdraw its candidate from the race for the World Trade Organisation Director-General, paving the way for Nigeria’s candidate, Dr Ngozi Okonjo-Iweala, to be confirmed as the head of the global trade body.

Yoo Myung-hee is South Korea’s Trade Minister and its candidate for the top job at the WTO following the resignation of Roberto Azevedo.

Okonjo-Iweala had secured the popular vote by a wide margin on October 28 but was not named DG because the United States opposed her candidacy.

The two women are the last candidates standing and the eventual winner will set a record as being the first female WTO DG.

According to Washington Trade Daily, people familiar with the development said South Korea will announce its decision to withdraw Myung-hee in the coming days to enable the WTO’s General Council to appoint Okonjo-Iweala.

The Washington-based news medium further stated that South Korea had already conveyed its decision to the United States, which had been insisting on the selection of Myung-hee.

Part of the reason for the position adopted by the United States against Okonjo-Iweala is that she is perceived to be close to the Democratic Party, according to the WTD.

The WTO had scheduled a General Council meeting for November 9, which was postponed after the Geneva Canton imposed new restrictions on meetings in the face of the sudden surge in COVID-19 cases.

Most of the WTO meetings are largely being held virtually through Internet platforms.

In order to take decisions by the General Council, a quorum of 82 members must be present at the meeting.

A General Council meeting has been scheduled to take place on December 17 but it is not clear whether the meeting can take place if the current restrictions continue next month.

RELATED POSTS:

Nigerians React As US Block Okonjo Iweala From WTO Top Position

We’ll make sure you get WTO job, Buhari tells Okonjo Iweala

WTO: Okonjo Iweala Appreciates Buhari, NASS, ECOWAS for support

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Wike: PDP Can’t Win 2027, Party Being Undermined by Self-Interest

Federal Capital Territory (FCT) Minister Nyesom Wike has declared...

Sex-for-Grade: Over 50 Nigerian Lecturers Sanctioned for Sexual Misconduct in Four Years

At least 50 lecturers across public universities and polytechnics...

Fubara’s Visit to Wike a Sacrifice for Peace – Rivers Elders

The Rivers Elders Council and pioneer spokesperson of the...

Court Orders EFCC to Return $20,000 Bail Condition to Owner

An Ikeja Special Offences Court has ordered the Economic...

Cultural Exchange: CGC Hosts Chinese Art Performance in Abuja

CGC Nigeria Limited on Monday hosted a Chinese Pingtan...

St. Augustine College Student, Anthony Toruka Scores 364 out of 400 in 2025 UTME Results

By Joyce Remi-BabayejuA Sixteen-year-old Anthony Chinecherem Toruka, a student...

Apreala Urges Bayelsa Queens to Finish Strong in NWFL Super Six

Amgbare Ekaunkumo, YenagoaChairman Pastor Robin Angonimi Apreala is rallying...
spot_img

Related Articles

Popular Categories

spot_imgspot_img