BREAKING!!! Coast Clears As Okonjo-Iweala’s WTO DG Contender Withdraws—-South Korea’s candidate for the Director-General of the World Trade Organisation (WTO), Yoo Myung-Hee, has announced she will withdraw from the race.
It clears the path for Nigeria’s Ngozi Okonjo-Iweala who the General Council announced late last year as the consensus candidate.
The World Trade Organization’s General 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 trade chief but her appointment was vetoed by the United States.
Korea’s Trade Minister Yoo Myung-hee announced on Friday that she would withdraw her candidacy for the next World Trade Organization (WTO) Director-General.
Korea, she said, will continue to work with responsibility for the restoration of 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.
