US backs Okonjo-Iweala to lead WTO

Okonjo-Iweala makes World Trade Organization (WTO) final shortlist

Despite the refusal of President Trump’s administration to endorse the candidacy of Ngozi Okonjo-Iweala for the World Trade Organisation job, the former Nigerian finance minister has gotten her wish.

The administration of Joe Biden’s has on Friday, January 5, offered its “strong support” for her bid.

Recall that Trump had refused to endorse her despite backing by many other countries.

According to the US Trade Representative, she has wealth of knowledge in economics and international diplomacy.

President Joe Biden’s administration on Friday offered its “strong support” to Nigeria’s Ngozi Okonjo-Iweala to lead the World Trade Organisation. Photo: @NOIweala

Going further, the Americans lauded her for having “proven experience managing a large international organization.”

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Ngozi Okonjo-Iweala, is now the only candidate for the position of director-general of the World Trade Organisation (WTO), following the withdrawal of her major contender and South Korean trade minister, Yoo Myung-hee.

Bloomberg reports that Yoo made the decision on Friday, February 5, after discussions with the U.S. and other major nations, and took various issues into account “comprehensively” including the need to revitalize the multilateral organisation.

It was gathered that Yoo’s withdrawal came after dozens of former U.S. government officials urged President Joe Biden to endorse Okonjo-Iweala after the Trump administration blocked her selection.

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