European Union endorses Okonjo-Iweala for WTO job – Report

Governments and countries of the European Union on Monday expressed support for Nigeria’s candidate contesting for the position of the director-general of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala.

The race for the WTO top position has enters the final month with just five contestants left in the race.

Alongside Nigeria’s candidate, the EU governments also have expressed willingness to support the South Korean candidate as the second candidate for the job., Bloomberg reports. The South Korean candidate, Yoo Myung-hee, is currently the country’s trade minister,

Reports say that Hungary was the only EU country amongst the 27 that refused to follow the Union’s recommendation for the job.

Other candidates are all current or former ministers of trade-in their respective countries. Officials consider this characteristic an important one for a future director-general.

These other candidates are Mohammad Maziad Al-Tuwaijri, Saudi Arabia’s former minister of economy and planning; Liam Fox, the UK’s former secretary of state for international trade; and Amina Chawahir Mohamed Jibril, Kenya’s former international trade minister.

According to the defined procedure, WTO intends to make public two finalists after October 6 and announce a winner on or before November 7.

Recall that the Geneva-based trade body is contending with dampening international trade activities following the pandemic coupled with the raging US-China trade battle, a handicapped arbitration system and the absence of tools to tackle growing challenges such as industrial subsidies.

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