EU backs Okonjo-Iweala for WTO job

 

European Union governments will support the Nigerian and South Korean candidates to lead the World Trade Organisation as the race enters its final month, Bloomberg reports.‎

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 after Oct. 6 and name a winner by Nov. 7.

See also  US Election: European observer accuses Trump of ‘gross abuse of office’

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

The Geneva-based trade body faces headwinds from the coronavirus pandemic, the U.S.-China trade battle, a hobbled arbitration system and a lack of tools to tackle growing challenges such as industrial subsidies.‎

Untitled Document

You can always reach us through these channels

Facebook: https:/www.facebook.com/ancitymedia

Instagram: https://www.instagram.com/ancitymedia

Youtube Channel: https://youtube.com/@ancitymedia

 

Phone Numbers: 07062501185, 09038738731

E-Mail: info@ancity.com.ng, anambracity@gmail.com

Copyright.

This Post: EU backs Okonjo-Iweala for WTO job was approved and published by Ancity Media Editor and may not be republished elsewhere without prior written permission from the Editor.

See also  FG to suspend Int’l travelers 6 months for breach of COVID-19 protocol

Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More