European Union Backs Ngozi Okonjo-Iweala For WTO DG

The European Union governments has on Monday declared their support for Nigeria’s candidate Dr. Ngozi Okonjo-Iweala as the new Director-General of the World Trade Organisation, this is a huge greenlight as the race enters its final month. Ngozi Okonjo-Iweala

According to reports from Bloomberg, the governments of EU also did agree in Brussels to select the South Korean candidate, Yoo Myung-Hee, who is Korean’s current Minister of Trade, as their second choice behind Dr Ngozi Okonjo-Iweala for the job.

Hungary also finally threw its support behind the recommendation after being the only EU country to withhold support at a lower-level meeting of officials representing the 27-nation bloc last Friday. There are just five candidates left to hassle it out for the WTO top job. Ngozi Okonjo-Iweala

Five candidates are still in the race to lead the WTO.

The remaining contenders were all current or former ministers, something that trade officials had previously said was an important characteristic for a future director-general.

The WTO planned to announce two finalists after October 6 and name a winner by November 7.

Brazilian Roberto Azevedo stepped down from the job at the end of August a year before his term ended.

Photo Credit: Getty

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