South Korea has decided to withdraw its candidate from the World
Trade Organisation (WTO) director-general race, Washington Trade Daily is
reporting.
Yoo Myung-hee is South Korea’s trade minister and its
candidate for the top job at the WTO following the resignation of Roberto
Azevedo.
Ngozi Okonjo-Iweala, Nigeria’s candidate in the WTO race,
had secured the popular vote by a wide margin on October 28 but was not named
DG because the US opposed her candidacy.
The two women are the last candidates standing and the
eventual winner will set a record as being the first female WTO DG.
However, there are speculations that the US might change its
stance following Donald Trump’s failure to get re-elected as president.
After the October 28 meeting, the WTO also said
Okonjo-Iweala had the best chance of getting a consensus.
Washington Trade Daily quotes sources as saying South Korea
has notified the US of its decision and is expected to make it public “in the
coming days”.
“Washington refused
to accept the recommendation made by the selection panel chaired by General
Council Chair Ambassador David Walker that Ms Okonjo-Iweala is the candidate
most likely of the two to attract consensus because she clearly carried the
largest support by members in the final round and clearly enjoyed broad support
from members from all levels of development and from all geographic regions and
has done so throughout the process,” the report read.
“Yoo from Korea failed to receive enough support from
members of all levels of development -1e., the developed, developing and least
developing countries, as well as geographically in comparison to the “largest”
support received by Ms Okonjo-Iweala.”
When God Himself fights for you.....🇳🇬 pic.twitter.com/uukhCdX7Y3
— Jumoke Oduwole (@joduwole) November 24, 2020
The November 8 general council meeting scheduled to consider
the appointment of the next DG was also postponed.
Another general council meeting has been scheduled for December 17.
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