Yoo Myung-hee
WTO fixes date to announce next director-general
The World Trade Organisation (WTO) has scheduled a special meeting of its General Council for Monday, February 15, 2021, where Nigeria’s former Minister of Finance, Dr. Ngozi Okonjo-Iweala is expected to be formally announced as the Director General. According to a notification seen by newsmen Tuesday, the only agenda for the meeting is to, “consider the appointment of the next WTO Director-General.” The United State government last week gave its formal approval to the emergence of Okonjo-Iweala as the next Director General, thereby removing the final obstacle to her bid to be the first woman and the first African to run the Geneva-based trade body. The endorsement of the candidacy of the Nigeria’s two-term former minister was sequel to the withdrawal of her main challenger, the South Kore...
European Union backs Ngozi Okonjo-Iweala for WTO role
The European Union has endorsed former Nigerian finance minister Ngozi Okonjo-Iweala as the next director-general of the World Trade Organisation, Bloomberg reported. The business news outlet cited anonymous officials familiar with the matter that all the 27 EU member countries agreed on Monday in Brussels to support Mrs. Okonjo-Iweala. Bloomberg also reported that the United States has decided to back Yoo Myung-hee, South Korea’s trade minister, for the role. The position has been fiercely contested amongst candidates of different countries since Roberto Azevedo resigned in August. Last month, Okonjo-Iweala and Myung-hee were selected as the last two candidates in the contest. The EU’s endorsement is seen as a significant boost for Okonjo-Iweala’s candidacy, with the final winner expected...
