Wants to trade head

Added: Krystl Mikkelson - Date: 13.03.2022 10:15 - Views: 23916 - Clicks: 3940

The Biden administration has ended the deadlock over the next head of the World Trade Organization WTO by expressing its "strong support" for Nigeria's ex-finance minister. Ngozi Okonjo-Iweala was frontrunner for the role until the Trump administration last October said it wanted another woman, South Korea's Yoo Myung-hee. Dr Okonjo-Iweala on Friday praised her rival for the post and said: "There is vital work ahead to do together.

A WTO nominations committee in October recommended its members appoint Dr Okonjo-Iweala as a replacement to outgoing chief Roberto Azevedo; a spokesman at the time said all had approved the appointment "except for one". Ms Yoo on Friday said her decision to withdraw her candidacy was made in "close consultation" with the US.

She said: "South Korea will actively contribute to reaching consensus for the next WTO chief and co-operate with her and participate in the WTO reform process. The White House congratulated Ms Yoo on her "strong campaign" for the position and for being a "traiblazer" as South Korea's first female trade minister.

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Trump trade chief wants WTO race reopened. WTO to name first female boss as shortlist narrows.

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Ms Yoo has now withdrawn her candidacy. Related Topics.

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More on this story. Published 28 October Published 18 December Published 8 October

Wants to trade head

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Biden ends deadlock over first African and first woman to lead WTO