News

WTO: Biden To Endorse Okonjo-Iweala As Korean Candidate Withdraws

  • South Korean Trade Minister Yoo Myung-hee withdraws her bid to lead the World Trade Organisation.
  • The withdrawal comes after dozens of former US government officials urged President Joe Biden to endorse Okonjo-Iweala.

YOU MAY ALSO LIKE:

South Korean Trade Minister Yoo Myung-hee has withdrawn her bid to lead the World Trade Organisation, leaving former Nigerian Finance Minister Ngozi Okonjo-Iweala as the only remaining candidate for the job.

EKO HOT BLOG gathered that Yoo was said to have made the decision after discussions with the United States and other major nations, and took various issues into account “comprehensively” including the need to revitalize the multilateral organization.

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.

READ ALSO: Oyo Farmers Return To Communities Seized By Wakil

EKO HOT BLOG recalls that the 66-year-old former minister had 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.

 

Rachel Okporu

Share
Published by
Rachel Okporu

Recent Posts

Airport Infrastructure: FAAN MD, Olubunmi Kuku Seeks N580bn

FAAN's Managing Director, Mrs. Olubunmi Kuku, said the runways, which were built in the late…

29 minutes ago

Police Rescue Pregnant Woman Allegedly Detained on Husband’s Order

The pregnant woman was arrested over an Alleged case of stealing The Pregnant Woman was…

47 minutes ago

Y2025 Armed Forces Remeberance Day:  Sanwo-Olu Calls on Nigerians to Support Families of Fallen Heroes

Sanwo-olu underscored the significance of the annual event as a call to action for Nigerians…

1 hour ago