The chances of Nigeria’s former finance minister, Ngozi Okonjo-Iweala getting confirmed as the next Director General of the World Trade Organisation has significantly increased as her only remaining opponent, South Korean Yoo Myung-hee is set to withdraw from the race.
Washington Trade Daily reported that South Korea has decided to withdraw its candidate, Myung-hee, it trade minister from the WTO top job.
Quoting sources, Washington Trade Daily reported that South Korea had notified the US of its decision and is expected to make it public “in the coming days.”
The report said, “Washington refused to accept the recommendation made by the selection panel chaired by General Council Chair Ambassador David Walker that Mrs. Okonjo-Iweala is the candidate most likely of the two to attract consensus because she clearly carried the largest support by members in the final round and clearly enjoyed broad support from members from all levels of development and from all geographic regions and has done so throughout the process.
“Yoo from Korea failed to receive enough support from members of all levels of development that is developed, developing and least developing countries, as well as geographically in comparison to the “largest” support received by Mrs. Okonjo-Iweala.”