Tuesday, November 24

Tag: Yoo Myung-hee

#WTO-DG: ‘Despite Hiccups, We Are Keeping The Positivity Going’ – Okonjo-Iweala
Politics

#WTO-DG: ‘Despite Hiccups, We Are Keeping The Positivity Going’ – Okonjo-Iweala

#WTO-DG hopeful, Ngozi Okonjo-Iweala has reacted to the US seeming desire to back her opponent, Myung-Hee, despite enjoying broad support from members. Happy for the success & continued progress of our @wto DG bid. Very humbled to be declared the candidate with the largest, broadest support among members & most likely to attract consensus. We move on to the next step on Nov 9, despite hiccups. We're keeping the positivity going!
Why We Oppose Okonjo-iweala’s Election As WTO DG – US
Politics

Why We Oppose Okonjo-iweala’s Election As WTO DG – US

The United States has explained why it is against the election of Ngozi Okonjo-Iweala as the next director-general of the World Trade Organisation (WTO). In a statement issued by the office of the US trade representative on Wednesday, the world power said the WTO is in dire need of reform and must be “led by someone with real, hands-on experience in the field”. “The United States supports the selection of Korean Trade Minister Yoo Myung-hee as the next WTO Director-General,” the USTR, led by Robert Lighthizer (pictured above), said. “Minister Yoo is a bona fide trade expert who has distinguished herself during a 25-year career as a successful trade negotiator and trade policy maker. She has all the skills necessary to be an effective leader of the organization. “This is a v...
WTO-DG: Okonjo-Iweala Suggested As New WTO Chief, But US Vetoes
News

WTO-DG: Okonjo-Iweala Suggested As New WTO Chief, But US Vetoes

US says it will continue to back South Korean candidate. The World Trade Organization’s General Council Chair David Walker said Wednesday that Nigeria’s Ngozi Okonjo-Iweala had garnered the most support among WTO members to become the next global trade chief, a WTO spokesperson said. The United States said, however, it could not support the candidacy of Okonjo-Iweala and said it would continue to back the South Korean candidate Yoo Myung-hee. Walker and his colleagues have finished a long process of consultations, where each member could indicate their preference. Walker told WTO ambassadors Wednesday that Okonjo-Iweala, and not Yoo, was most likely to secure a consensus among the membership, which is needed to select the next chief of the global trade organization. However, ...
United States Not Supporting Okonjo-Iweala’s WTO Candidacy Despite American Citizenship
Politics

United States Not Supporting Okonjo-Iweala’s WTO Candidacy Despite American Citizenship

The United States of America might not be endorsing Ngozi Okonjo-Iweala’s candidacy to lead the World Trade Organisation. This comes as a setback for Okonjo-Iweala despite obtaining American citizenship in 2019, thereby becoming a dual citizen of Nigeria and the US. Meanwhile, the European Union has maintained its support for Okonjo-Iweala to become the Director-General of the WTO. Experts now believe that the EU and US, who have historically agreed on decisions like these, may clash. A top official privy to the candidacies race informed SaharaReporters that Okonjo-Iweala’s opponent, Yoo Myung-Hee of South Korea, has the upper hand to receive the backing of the United States. While the backing is yet to be made official, the source affirmed that President of the US, Dona...
WTO-DG: France, Germany, 104 Other Countries Back Okonjo-Iweala
World

WTO-DG: France, Germany, 104 Other Countries Back Okonjo-Iweala

The 27 European Union member states have backed Nigeria’s former finance minister, Ngozi Okonjo-Iweala, in her bid to become the first African and first female director-general of the World Trade Organisation. The EU member states are France, Germany, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech, Denmark, Estonia, Finland, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. The latest support for Okonjo-Iweala’s candidacy brings the number of countries officially endorsing her to 106 out of the 164 states that comprise the WTO. The 55-member African Union had earlier officially supported the former World Bank director over her sole remaining opponent, Yoo Myung-hee of South ...
European Union Backs Okonjo-iweala For WTO DG
News

European Union Backs Okonjo-iweala For WTO DG

The European Union (EU) has said it is backing Nigeria’s candidate and the country’s former Finance Minister, Dr. Ngozi Okonjo-Iweala, to head the World Trade Organisation (WTO), sending a signal of trust in Africa. An EU official disclosed this to Reuters yesterday. Okonjo-Iweala and South Korean trade minister, Yoo Myung-hee, are vying to be the first female leader in the WTO’s 25-year history, replacing Brazilian Roberto Azevedo, who quit a year earlier than expected at the end of August. The EU governments had before the final stage of the race for the WTO leadership race expressed support for Okonjo-Iweala and the South Korean candidate, Yoo Myung-hee. Indeed, the latest EU’s support for Okonjo-Iweala is considered a strong signal to reinforce the multilateral order an...
Okonjo-Iweala Vs Yoo Myung-Hee: WTO Leadership Down To The Final 2 Candidates
News

Okonjo-Iweala Vs Yoo Myung-Hee: WTO Leadership Down To The Final 2 Candidates

World Trade Organization members selected two final candidates -- Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee -- to advance to the final round in the race to lead the Geneva-based trade body, according to people familiar with the matter. By advancing two women to the final round of the selection process, the WTO will likely have the first female director general in its 25-year history. Okonjo-Iweala served two stints as Nigeria’s finance minister and one term as foreign affairs minister. She has experience working at international international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization. Yoo is South Korea’s trade minister. During her 25-year career in government, ...
European Union Backs Okonjo-Iweala For WTO Job – Bloomberg
Entertainment

European Union Backs Okonjo-Iweala For WTO Job – Bloomberg

European Union governments will support the Nigerian and South Korean candidates to lead the World Trade Organization as the race enters its final month. EU member-country envoys agreed on Monday in Brussels to endorse Ngozi Okonjo-Iweala, Nigeria’s former finance minister, and Yoo Myung-hee, South Korea’s trade chief, in their bids to become WTO director-general, according to an official familiar with the matter. Hungary swung behind the planned recommendation after being the only EU country to withhold support at a lower-level meeting last Friday of officials representing the 27-nation bloc, the person said on the condition of anonymity because the deliberations were confidential. Five candidates are still in the running to the lead the WTO. It plans to announce two finalists ...