South Korea has reportedly decided to withdraw its trade minister, Yoo Myung-hee, from the race for the World Trade Organisation (WTO) Director-General.
According to Washington Trade Daily (WTD), people familiar with the development said South Korea was expected to announce its decision to withdraw Myung-hee in the coming days to enable Okonjo-Iweala become WTO’s Director-General.
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The Washington-based news medium further stated that South Korea had already conveyed its decision to the United States, which had been insisting on the selection of Myung-hee.
Recall that WTO had scheduled a General Council meeting for November 9, which was postponed after the Geneva Canton imposed new restrictions on meetings in the face of the sudden surge in Covid-19 cases.
A virtual General Council meeting has been scheduled to take place on December 17.
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