WTO Race: Okonjo-Iweala nears victory as Korean challenger prepares to withdraw

Former Nigerian finance minister Ngozi Okonjo-Iweala is poised to emerge unopposed as director-general of the World Trade Organisation, the Washington Trade Daily reported on Monday.
Citing insider sources familiar with the development, the weekday business journal revealed that Ms. Yoo Myung-hee — Mrs. Okonjo-Iweala’s sole challenger who enjoys the support of the United States — would be withdrawn from the race by her home country Korea in the coming days.
“Seoul (Korea’s seat of power) has already conveyed its decision to the United States, which has been insisting on the selection of Ms. Yoo,” the Washington-based newspaper reported its sources to have said.
Bloomberg had reported that Mrs. Okonjo-Iweala’s confirmation as DG of the global trade body was put on hold because the United States, a key bloc in the selection process, did not endorse her.
The 66-year-old Nigerian economist, who had an illustrious career at the World Bank spanning over two decades, however, enjoys massive support from other WTO member countries.
WTO’s spokesperson Keith Rockwell had described Mrs. Okonjo-Iweala as the best candidate for its keenly contested top job.
The trade body is expected to convene its council meeting on December 17, in Geneva, Switzerland.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

NationWide
Tinubu saved Nigeria’s economy from collapse: TSG
Mr Tanko-Yakasai said the president took over a shattered, battered economy and turned it around, stabilising it.

Economy
Cassava can become Nigeria’s crude oil, agriculture expert says
“Our cassava is our crude oil. Just as crude oil transformed the fortunes of nations, cassava can transform the fortunes of our people,” Mr Apeh said.

Heading 1
Kwankwaso loyalists dump NDC, defect to APC in Kano
Some allies of the NDC vice-presidential candidate Rabiu Kwankwaso defected to the APC in Kano State on Saturday.

Heading 2
Contractors urge FG to clear unpaid debts
Mr Nwosu appealed to the federal government to prioritise payment of verified debts owed to indigenous contractors to ease their financial difficulties.

Sport
Shooting Stars beat Tunisia’s CS Sfaxien 1-0 in CAF Confederation Cup
Lucky Emmanuel scored the decisive goal in the 25th minute to give the Nigerian side a deserved lead before the break.

States
Gov Abiodun seeks stronger Ogun-Tunisia ties in sports development
The governor specifically sought collaboration to develop and reposition Gateway Football Club.





