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HomeNewsWTO: Okonjo-Iweala in final stage of DG race

WTO: Okonjo-Iweala in final stage of DG race

The World Trade Organization has announced Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee as the last two candidates for the Thursday’s final run-off for its next director-general.

Okonjo-Iweala and Myung-hee saw off competition from Britain’s Liam Fox, Kenya’s Amina Mohamed and Saudi Arabia’s Mohammad al-Tuwaijri in the second round of the battle to become the next leader of the WTO.

“Ngozi Okonjo-Iweala of Nigeria and Korean minister Yoo Myung-hee will advance to the third and final stage of consultations,” WTO spokesman Keith Rockwell told reporters at the global trade body’s headquarters in Geneva, following a meeting where the news was announced to member states.

“The third stage will run from October 19 to October 27,” he said, with a winner to be announced before November 7.

The initial pool of eight candidates to replace Brazilian career diplomat Roberto Azevedo, who stepped down as WTO chief in August a year ahead of schedule, was narrowed down to five in last month’s first round.

Rather than straightforward elections, the WTO eliminates is leadership candidates through a process of consensus and preferences.

Okonjo-Iweala and Yoo’s candidacies received a boost earlier this week when EU member states officially threw their weight behind them.

Okonjo-Iweala, 66, served as her country’s first female finance and foreign minister and has a 25-year career behind her as a development economist at the World Bank, eventually becoming its number two.

She is also on Twitter’s board of directors and is a special envoy for the World Health Organization’s COVID-19 fight.

If she emerges triumphant from the final elimination round, she would not only be the first woman but also the first African to lead the global trade body.

Yoo, 53, is meanwhile currently serving as her country’s first female trade minister, following a career in trade diplomacy and foreign affairs.

Whoever is handed the job, in the end, will be taking over an organisation mired in multiple crises, and struggling to help members navigate a severe global economic slump triggered by the coronavirus pandemic.

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