US supports Okonjo Iweala for Next WTO office

The Joe Biden administration on Friday, Feb 5, has pomised its support to Ngozi Okonjo-Iweala as the next director-general of the World Trade Organization.

The development comes hours after South Korea’s trade minister stepped out of the race.

The US decision is the last hurdle standing in the way of Ms. Okonjo-Iweala assuming the top job at the WTO, after South Korea’s Yoo Myung-hee pulled out.

Recalled that Last year, the former Nigerian Minister was supported by a majority of WTO members, but the Trump administration backed Ms. Yoo, saying she was better qualified.

The office of the U.S. Trade Representative said in a statement Friday: “Dr. Okonjo-Iweala brings a wealth of knowledge in economics and international diplomacy from her 25 years with the World Bank and two terms as Nigerian Finance Minister.”

The statement added: “She is widely respected for her effective leadership and has proven experience managing a large international organization with a diverse membership.”

The USTR added it “looks forward to working with a new WTO director-general to find paths forward to achieve necessary substantive and procedural reform of the WTO.”

Ngozi Okonjo-Iweala is set to be the first woman and the first African to run the Geneva-based trade body

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