Amid who will be the new head of the World Trade Organization (WTO), former Nigeria’s first female Finance and Foreign Minister, Dr. Ngozi Okonjo-Iweala, has been the most favored candidate to emerge as the new Director-General of the World Trade Organization (WTO).
The news went viral yesterday after some top Nigeria media confirmed that Dr. Ngozi Okonjo-Iweala has emerged winner of the new Director-General of the World Trade Organization (WTO). Some Nigerians have congratulated her on social media immediately the news got to them.
Okonjo Iweala is competing with her counterpart and South Korean Trade Minister, Yoo Myung-hee.
Yoo Mhung-hee & Ngozi Okonjo-Iweala
Though the final result would be made known on November 9 during the General Council meeting, the emergency of Okonjo-Iweala to be the WTO DG hit a brick wall on Wednesday when the United States of America (US) opposed the consensus that should make her become the organization’s new Director-General and declared their support for Yoo Mhung-hee, the South Korean Trade Minister.
Former Nigeria Finance and Foreign Minister, Dr. Ngozi Okonjo-Iweala
Despite the opposition by the United States (US), major European members of the 164 member states have continued to make known their support for Okonjo-Iweala. This shows she is still having an edge over her closest opponent, Yoo Myung-hee.
As reported by Bloomberg, Robert Lighthizer, a United States Trade Representative (USTR), has disclosed the reason the US is opposing the candidacy of Okonjo-Iweala. According to him, Okonjo-Iweala is has a close relationship with Robert Zoellick, a former United States Trade Representative (USTR) during the George Bush administration and a pro-trade Internationalist. He said Okonjo-Iweala worked with him when he, Zoellick, was the President of a Washington-based Bank.
Former United States Trade Representative, Robert Zoellick
What a ridiculous reason to oppose the best candidate like our dear Okonjo-Iweala! Undoubtedly, Okonjo-Iweala will emerge as the winner and lead WTO as the Director-General since, in 2019, she has gained her American citizenship.
Do you think Okonjo-Iweala will be a threat to the US if she emerges WTO DG winner?