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Okonjo-Iweala's Path to WTO Clears Hurdle as Korean Quits Race


Okonjo-Iweala’s Path to WTO Clears Hurdle as Korean Quits Race
This content was published on February 5, 2021 - 12:48
February 5, 2021 - 12:48
(Bloomberg) Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.
South Korean Trade Minister Yoo Myung-hee ended her campaign to lead the World Trade Organization, leaving former Nigerian Finance Minister Ngozi Okonjo-Iweala as the likely candidate for the job and setting up a key decision by WTO members to approve her appointment.
Yoo decided after discussions with the U.S. and other major nations, and took various issues into account including the need to revitalize the multilateral organization, according to a statement from Korea’s trade ministry on Friday. ....

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Korean Ends WTO Bid, Clearing Path for Nigeria's Okonjo-Iweala

(Bloomberg) Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic. South Korean Trade Minister Yoo Myung-hee ended her campaign to lead the World Trade Organization, leaving former Nigerian Finance Minister Ngozi Okonjo-Iweala as the likely candidate for the job and setting up a key decision by WTO members to approve her appointment. Yoo decided after discussions with the U.S. and other major nations, and took various issues into account including the need to revitalize the multilateral organization, according to a statement from Korea’s trade ministry on Friday. “There was no consensus,” Yoo said. “So we needed enough time for in-depth consultations with important members, including the U.S.” Her withdrawal could help thaw the deadlocked race to lead the Geneva-based WTO at a moment when the organization is struggling to surmount a series of crises th ....

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Former Nigerian finance minister on track to head WTO


Former Nigerian finance minister on track to head WTO
Dozens of former US government officials have urged President Joe Biden to endorse Okonjo-Iweala after the Trump administration blocked her selection in 2020
05 February 2021 - 18:16 Bryce Baschuk and Sam Kim
Ngozi Okonjo-Iweala. Picture: REUTERS
South Korean Trade Minister Yoo Myung-hee ended her campaign to lead the World Trade Organisation, leaving former Nigerian Finance Minister Ngozi Okonjo-Iweala as the likely candidate for the job and setting up a key decision by WTO members to approve her appointment.
Yoo decided after discussions with the US and other major nations, and took various issues into account including the need to revitalise the multilateral organisation, according to a statement from Korea’s trade ministry on Friday. ....

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WTO faces window of opportunity for multilateralism -- spokesperson

WTO faces window of opportunity for multilateralism -- spokesperson
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