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WTO: US Gives Reason For Opposing Okonjo-Iweala Emergence As DG
The United States has disclosed why it is blocking the election of Ngozi Okonjo-Iweala as the next director-general of the World Trade Organisation (WTO).
The United States said its opposition to Okonjo-Iweala election is not unconnected to the organisation need to have someone with genuine and hands-on experience at the helms of WTO affairs.
In a statement issued by the office of the US trade representative on Wednesday, the world power said the WTO is in dire need of reform.
“The United States supports the selection of Korean Trade Minister Yoo Myung-hee as the next WTO Director-General,” the USTR, led by Robert Lighthizer, said.
“Minister Yoo is a bona fide trade expert who has distinguished herself during a 25-year career as a successful trade negotiator and trade policy maker. She has all the skills necessary to be an effective leader of the organization.
“This is a very difficult time for the WTO and international trade. There have been no multilateral tariff negotiations in 25 years, the dispute settlement system has gotten out of control, and too few members fulfill basic transparency obligations.
“The WTO is badly in need of major reform. It must be led by someone with real, hands-on experience in the field.”
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