BusinessEconomyWorld NewsU.S. Endorses Okonjo-Iweala for DG WTO, Promises Her Its Supports

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The United States (U.S.) has commended Nigerian financial expert, Dr. Ngozi Okonjo-Iweala, for her desire to contribute her wealth of knowledge to the development of the World Trade Organization (WTO) as it salutes the decision of the Republic of Korea’s Trade Minister, Yoo Myung-hee to withdraw her candidacy for Director-General of the (WTO).

This endorsement and salutation were contained in a statement released by the United State Trade Representative (USTR) Public and Media Affairs, in which a copy was received by the West African Pilot News.

The statement added that the former Nigerian finance minister will be bringing her wealth of knowledge in economics and international diplomacy from her 25 years of experience in the World Bank and Nigeria to the WTO.

Read the full statement below:

FOR IMMEDIATE RELEASE

February 5, 2021
Contact: USTR Public & Media Affairs
media@ustr.eop.gov

OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE STATEMENT
ON THE DIRECTOR GENERAL OF THE WORLD TRADE ORGANIZATION

Washington, DC –

The United States takes note of today’s decision by the Republic of Korea’s Trade Minister Yoo Myung-hee to withdraw her candidacy for Director-General of the World Trade Organization (WTO).

The Biden-Harris Administration is pleased to express its strong support for the candidacy of Dr. Ngozi Okonjo-Iweala as the next Director-General of the WTO.  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.  She is widely respected for her effective leadership and has proven experience managing a large international organization with a diverse membership.

The Biden-Harris Administration also congratulates Minister Yoo Myung-hee on her strong campaign for this position.  She is a trailblazer as the Republic of Korea’s first female trade minister and the first candidate from Korea to advance this far in the Director-General selection process.  The United States respects her decision to withdraw her candidacy from the Director-General race to help facilitate a consensus decision at the WTO.

It is particularly important to underscore that two highly qualified women made it to the final round of consideration for the position of WTO Director-General — the first time that any woman has made it to this stage in the history of the institution.

The United States stands ready to engage in the next phase of the WTO process for reaching a consensus decision on the WTO Director-General.  The Biden Administration looks forward to working with a new WTO Director-General to find paths forward to achieve necessary substantive and procedural reform of the WTO.

Bada Yusuf Amoo (Correspondent)

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