March 8, 2021

WTO: President Biden urged to Support Okonjo-Iweala as Myung-Hee withdraws

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US President Joe Biden, has been asked to endorse Nigeria’s Ex-Minister of Finance, Ngozi Okonjo-Iweala, for the World Trade Organization (WTO) top job, Bloomberg reports.

Dozens of former US government officials have urged Biden to endorse Okonjo-Iweala, after the Trump administration blocked her selection.

The opposition halted the selection process because major WTO decisions are made on the basis of support of its members.

The trade minister of South Korean, Yoo Myung-hee, on Friday also withdrew her bid to lead the WTO, leaving Okonjo-Iweala as the only qualified candidate for the appointment.

Yoo said this after discussions with the United States and other countries and took various matters into account

“comprehensively”, including the need to revitalize the multilateral organization.

Former Nigerian finance minister, is now set to become the first African and first female director-general in the 25-year history of the WTO.

Iweala currently serves on Twitter’s board of directors, as a special envoy for the World Health Organisation’s COVID-19 fight.

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