Business
Okonjo-Iweala one step to becoming WTO DG, Yoo Myung-hee of South Korea steps down
Dr. Ngozi Okonjo-Iweala, Nigeria’s nominee for the next Director General of the World Trade Organisation (WTO) is one step away from clinching the international job. this is consequence upon the withdrawal of the only remaining competitor for the job, South Korean Trade Minister, Yoo Myung-hee, who stepped down on Friday. The withdrawal clears the way for the Nigerian nominee, Ngozi Okonjo-Iweala, to become the WTO’s first woman and first African Director-General.
South Korea’s Trade Ministry had indicated in a statement that Yoo consulted with the United States, and other major countries before she “decided to renounce her candidacy”.
The process to announcing a successor to Roberto Azevedo was at stalemate last October after notable WTO ambassadors had endorsed Dr. Okonjo-Iweala for the DG job but the United States under the leadership of former President Donald Trump opposed her appointment, supporting the South Korean candidate.
The WTO had to suspend the process till the conclusion of the US Presidential election.
-
Football3 days agoAfrica breaks World Cup record with seven teams in knockout stage
-
Latest6 days agoAlleged xenophobic attack claims life of Malawian street vendor in South Africa
-
Football4 days agoNetherlands to face Morocco, Brazil draw Japan in 2026 World Cup round of 32
-
Comments and Issues5 days agoNorway’s Rowing Celebration Captures The Spirit Of The World Cup
-
Energy1 week agoGlobal oil prices fall after U.S.–Iran talks
-
Energy5 days agoLeaked court documents allege Shell ignored pipeline safety warnings in Niger Delta
-
Aviation1 week agoHeading through the storm: Multiple taxes, complex leasing drag on Nigerian carriers
-
Latest1 week agoTroops close in on forest hideout as search continues for abducted Oyo schoolchildren