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WTO General Council to consider next DG's appointment, Monday


By Rose Oranye

World Trade Organisation (WTO)’s General Council will on Monday,  hold a special meeting  to consider the appointment of the next Director-General. 


The meeting, scheduled to hold at 3pm Geneva time will take place in virtual format.


Recall that the World Trade Organisation members, last October selected former Nigeria's Finance Minister,  Mrs Okonjo-Iweala and South Korean Trade Minister, Ms Yoo Myung-hee to advance to the final round in the race to lead the body and that

what seemed like a promising run for Mrs Okonjo-Iweala was  stalled after the former U.S. President, Donald Trump's administration denied her support.


However, United States Government, under the Biden- Haris Administration, last week,  endorsed Okonjo-Iweala, to emerge as the director general of the World Trade Organisation.


The endorsement followed the withdrawal of Ms Yoo, who  made the decision after discussions with the U.S. and other major nations.


She was reported to have taken various issues into account comprehensively, including the need to revitalise the multilateral organisation.


According to a statement by the Office of Trade Representative: "The United States takes note of today’s decision by the Republic of Korea’s Trade Minister Yoo Myung-hee to withdraw her candidacy for Director General of the World Trade Organization (WTO).


"The Biden-Harris Administration is pleased to express its strong support for the candidacy of Dr. Ngozi Okonjo-Iweala as the next Director General of the WTO. Dr. Okonjo-Iweala brings a wealth of knowledge in economics and international diplomacy from her 25 years with the World Bank and two terms as Nigerian Finance Minister. She is widely respected for her effective leadership and has proven experience managing a large international organization with a diverse membership..."

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