WTO: Okonjo-Iweala’s major rival Myung-hee is set to withdraw from the race


Following the massive support enjoyed by Nigeria’s candidate  Dr. Okonjo Iweala, the coast seems clear for her as her major rival South Korea’s trade minister Yoo Myung-hee is set to withdraw from the race for the World Trade Organisation (WTO) Director-General, paving the way for  Dr. Iweala to be confirmed as the head of the global trade body.


A report by the Washington Trade Daily (WTD) disclosed South Korea was expected to announce its decision to withdraw Myung-hee in a few day’s time to enable the WTO’s General Council to appoint Okonjo-Iweala.


The report stated: “Washington refused to accept the recommendation made by the selection panel chaired by General Council Chair Ambassador David Walker that Mrs. Okonjo-Iweala is the candidate most likely of the two to attract consensus because she clearly carried the largest support by members in the final round and clearly enjoyed broad support from members from all levels of development and from all geographic regions and has done so throughout the process.


“Yoo from Korea failed to receive enough support from members of all levels of development that is developed, developing and least developing countries, as well as geographically in comparison to the ‘largest’ support received by Mrs. Okonjo-Iweala.”


Okonjo-Iweala had garnered enough support in the popular vote last month but despite the huge endorsements was not named Director General because the US government kicked against her candidacy but preferred Yoo Myung hee -for the top job.


The general council meeting to consider the appointment of the Director-General of WTO is scheduled to hold on December 17.