in ,

Okonjo Iweala emerges closer to winning WTO DG Job

Okonjo Iweala emerges closer to winning WTO DG Job
Okonjo Iweala emerges closer to winning WTO DG Job

Okonjo Iweala emerges closer to winning WTO DG Job

The World Trade Organisation (WTO) confirms that the Nigeria’s Ngozi Okonjo-Iweala has emerged as one of the two finalist candidates for the position of Director General of World Trade Organization.

Yoo Myung-hee of the Republic of Korea was also confirmed as the second candidate for the job after a shortlist of five candidates hoping for the job were eliminated to two candidates.

9jatalkative reported that a total number of eight candidates participated for the job before they were screened down to five and now the final two candidates have emerged.

David Walker, the ambassador from New Zealand known as the general council chairman for the selection committee, confirmed the latest development, adding that the ultimate objective of the selection process is to secure a consensus decision by members on the next director general.

He said: 

“Our aim continues to be to encourage and facilitate the building of consensus among members and to assist in moving from this final slate of two candidates to a decision on appointment.

As this is the final round of the consultation process, it should bring us to the point where we can make a recommendation to the General Council concerning that decision.

As was the case for the first round, the entire membership remained fully engaged in and committed to this process. The facilitators and I are grateful for this very positive response.

It is clear that all members attach great importance to this process”.

But several sources familiar with the member states’ decision told AFP that Okonjo-Iweala had made it, while one source said Yoo Myung-hee of South Korea had also made the cut.

No woman has ever headed the global trade body.

The initial pool of eight candidates to replace Roberto Azevedo, who stepped down as WTO director-general in August a year ahead of schedule, was narrowed down to five last month.

The three eliminated during the second round of “confessionals” in which all member states confidentially voice their preferences were:

Liam Fox of Britain, Mohammed Al-Tuwaijri of Saudi Arabia, and Amina Mohamed of Kenya.

Jesus Saede Kuri of Mexico, Tudor Ulianovschi of Moldova and Abdel-Hamid Mamdouh of Egypt were cut during the first round.

Okonjo-Iweala and Yoo’s candidacies received a boost earlier this week when EU member states officially threw their weight behind them.

A third and final round of consultations will begin later this month and is scheduled to run until November 6, when the WTO aims to agree by consensus on the next director-general

Okonjo-Iweala, 66, served as her country’s first female finance and foreign minister, and has a 25-year career behind her as a development economist at the World Bank, eventually becoming its number two.

She is also among the Twitter board of directors and also a special bullet for the World Health Organization’s Covid-19 fight.

If she emerges triumphant from the final elimination round, she would not only be the first woman but also the first African to lead the global trade body.

Yoo, 53, is meanwhile currently serving as her country’s first female trade minister, following a career in trade diplomacy and foreign affairs.

The global trade body has also faced relentless attacks from Washington, which has crippled the WTO dispute settlement appeal system and threatened to leave the organisation altogether.

The Covid-19 crisis hit, the organisation was grappling with stalled trade talks and struggling to curb tensions between the United States and China.

This update that Okonjo Iweala emerges closer to winning WTO DG Job is better to you by 9jatalkative News and Entertainment Blog.

Stay safe for more updates remember to follow up on our social media

Written by Uzo Munachi

Uzo Munachi, from Anambra state, a student and a young entrepreneur, looking to make an impact in the world!

Leave a Reply

Your email address will not be published. Required fields are marked *

Runtown Falz take EndSARS protest to streets of Lagos

Runtown Falz take EndSARS protest to streets of Lagos

Latest Npower News today Thursday 8 October 2020

Latest Npower News today Thursday 8 October 2020