WTO: South Korea’s Myung-hee withdraws from race, Okonjo-Iweala remains sole candidate

Okonjo-Iweala has become the sole candidate in the World Trade Organisation’s Director General race.
Ngozi Okonjo-Iweala,

Ngozi Okonjo-Iweala, former Nigerian finance minister, has become the sole candidate in the World Trade Organisation’s Director-General race, as South Korean Trade Minister, Yoo Myung-hee withdrew her bid to contest.

This was disclosed by Myung-hee after she had mentioned it to the United States, according to Bloomberg.

According to the report, she took various issues into account “comprehensively” including the need to revitalize the multilateral organization before arriving at this point.

The withdrawal comes after dozens of former US government officials urged President Joe Biden to endorse Okonjo-Iweala after the Trump administration blocked her selection. The opposition halted the selection process because WTO decisions are made on the basis of a consensus of its members.

What it means

  • If the U.S., Korea and the WTO’s other 162 members join a consensus to appoint Okonjo-Iweala, the WTO can announce a meeting to confirm her appointment within a matter of days.
  • If confirmed, Okonjo-Iweala would be the first woman and the first African to lead the organization in its 25-year history.

What you should know

  • Nairametrics had earlier reported that the 66-year-old two-time former minister said she remained positive of becoming the first African and first female director-general in the 25-year history of the WTO despite ‘hiccups’.
  • Okonjo-Iweala serves on Twitter’s board of directors, as chair of the GAVI vaccine alliance as well as a special envoy for the World Health Organisation’s COVID-19 fight.
Total
12
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

The Commander, U.S. Africa Command, U General Stephen Townsend, wrapped up a three-day West African visit February 22-25, 2021, with a stopover in Nigeria to meet with the nation’s leaders and further the long-standing partnership and security cooperation between the two countries.

A press statement by the Embassy on Friday, said: “During the visit, Townsend met with the Nigerian President’s Chief of Staff, Ibrahim Gambari, and National Security Adviser, Babagan Monguno, to discuss regional security issues and to express the command’s gratitude for the assistance provided during a hostage rescue operation last year.

“When we asked for their help, the Nigerian government answered the call. Our hostage recovery mission in October would have been impossible without their support.

“They quickly provided assistance that helped the U.S. military to save an American life. That is a strong example of our partnership with Nigeria.”

Townsend also met with senior military officials, including the Minister of Defence, Bashir Salihi Magash, and the Chief of Defence Staff, General Leo Irabor, to talk about on-going cooperation in the region and greater maritime security and threat mitigation.

Nigeria is a key partner in countering violent extremist organizations throughout the Lake Chad Basin.

Townsend said furthermore: “The bilateral relationship between Nigeria and the U.S. is built on several pillars including security cooperation.

“U.S. Africa Command will do our part to advance the security cooperation pillar, so that Nigerians can enjoy the more secure future they all deserve.”

As close partners, the U.S. and Nigeria have worked at ensuring the collaborative relationship continues to grow to include a commitment to interoperability. Nigeria purchased 12 A-29 Super Tucano light attack aircraft, which will be delivered later this year.

“Nigeria’s purchase of A-29 Super Tucano aircraft is another example of their commitment to interoperability and security in the region,” he added. “Our economic relationship with Nigeria is already strong, and we look forward to the continued strengthening of security relationships. Nigeria’s leaders understand the importance of a collaborative approach to ensuring stability in West Africa and partnering on areas of mutual interest.”

The Commander also met with the U.S. Ambassador to Nigeria, Mary Beth Leonard.

Leonard said: “General Townsend’s visit to Nigeria demonstrates the strategic importance the United States places on our bilateral relationship with Nigeria.

“Our security cooperation partnership with Nigeria’s military will strengthen the country’s capabilities to secure land and sea borders, enhance overall security, and combat terrorism in the North East.”

As part of the visit, Townsend participated in a wreath-laying ceremony at the Nigeria Military National Cemetery to honour those who have given their lives in the service of their nation.

During the visit, the delegation expressed their condolences for the seven service men killed in the crash of a Nigerian Air Force aircraft in Abuja.