Facebook
Youtube
Instagram
  • AFCON 2023
  • What’s Trending
  • Health Tips
  • International
  • AFCON 2023
  • What’s Trending
  • Health Tips
  • International
dntwok logo
  • Home
  • Business
  • News
  • Sports
  • Shows
  • Health
  • Entertainment
  • Education
  • About Us
  • Contact Us
Business|News

WTO DG: Coast Clear For Okonjo-Iweala As South Korea Withdraws Candidate

  • 11:54 am
  • |
  • February 5, 2021

South Korean trade minister Yoo Myung-hee on Friday abandoned her bid to become head of the World Trade Organization, Seoul said, clearing the way for Nigeria’s Ngozi Okonjo-Iweala to become the global body’s first woman and first African director-general.

Yoo made the decision after discussions with the U.S. and other major nations, and took various issues into account “comprehensively” including the need to revitalize the multilateral organization, according to a statement from Korea’s trade ministry on Friday.

The process to name a successor to Roberto Azevedo had been deadlocked since October when key WTO ambassadors tapped Okonjo-Iweala as the best pick to lead the organisation but the Trump administration maintained its opposition to her appointment.

The withdrawal comes after dozens of former U.S. government officials urged President Joe Biden to endorse Okonjo-Iweala after the Trump administration blocked her selection. The opposition halted the selection process because WTO’s decisions are made on the basis of a consensus of its members.

The Nigerian economist, who is also a U.S. citizen, emerged as the front-runner for the WTO director-general post last year. The U.S. has been the only country to oppose her.

PrevPrevious
NextNext
Kindly share this story:
Kindly share this story:
Share on whatsapp
Share on facebook
Share on twitter
Share on linkedin
Share on telegram
Share on facebook
Top News
Rubio Warns Iran’s Strait of Hormuz Demands Could Threaten Global Trade
July 22, 2026 6:53 am
Zelenskyy Replaces Ukraine’s Top Military Commander in Major Wartime Shake-Up
July 22, 2026 6:50 am
U.S. Prosecutors, Maduro’s Lawyers Propose June 2027 Trial in Narco-Terrorism Case
July 22, 2026 6:41 am
Nigeria Urges AU to Crack Down on Terror Funding
July 22, 2026 6:36 am
Kwankwaso: NDC Will Pursue Talks to End Insecurity
July 22, 2026 6:34 am
IGP Disu to Police: No Room for Complacency
July 22, 2026 6:27 am
Retired DIG Gumel Appointed Project 774 Network Secretary
July 22, 2026 6:19 am
Nigeria, Serbia Deepen Trade, Investment Partnership
July 22, 2026 6:16 am
Falz: I Never Endorsed Peter Obi or Any Politician
July 22, 2026 6:14 am
Houthis Open New Front in Regional Conflict With Saudi Maritime Blockade
July 21, 2026 6:56 am
Philippines Summons Chinese Ambassador as South China Sea Tensions Escalate
July 21, 2026 6:50 am
Severe Storms and Flash Flood Threat Return to Northeast and Mid-Atlantic
July 21, 2026 6:42 am
Tinubu Makes Fayose REA Chairman, Appoints 25 Others
July 21, 2026 6:36 am
Debt Surge Driven by Naira Crash, Not New Loans — Oyedele
July 21, 2026 6:27 am
Kwankwaso: Obi, I Agreed to One-Term Presidency
July 21, 2026 6:24 am
NCC Urges Africa to Shape Global AI, Digital Technology Policies
July 21, 2026 6:20 am
ECOWAS Endorses $25bn Nigeria-Morocco Gas Pipeline
July 21, 2026 6:18 am
ICPC Grills Gbajabiamila Over PFIPC Controversy
July 21, 2026 6:16 am
Sport Vibes: Spain is on top of the world! 🇪🇸🏆
July 21, 2026 6:12 am
Ukraine Launches Massive Drone Attack on Moscow as Political Tensions Rise in Kyiv
July 20, 2026 6:41 am
U.S. Expands Air Campaign Against Iran as Tehran Retaliates Across Gulf
July 20, 2026 6:35 am

Related Articles

Rubio Warns Iran’s Strait of Hormuz Demands Could Threaten Global Trade

U.S. Secretary of State Marco Rubio warned Asian leaders on Wednesday that Iran’s efforts to

Read More

Zelenskyy Replaces Ukraine’s Top Military Commander in Major Wartime Shake-Up

Ukrainian President Volodymyr Zelenskyy has dismissed Commander-in-Chief Oleksandr Syrskyi and appointed Mykhailo Drapatyi to lead

Read More

U.S. Prosecutors, Maduro’s Lawyers Propose June 2027 Trial in Narco-Terrorism Case

Federal prosecutors and defense attorneys for former Venezuelan President Nicolás Maduro and his wife, Cilia

Read More

Nigeria Urges AU to Crack Down on Terror Funding

Nigeria has urged the African Union (AU) to intensify efforts to disrupt illicit financial flows

Read More
d2
  • Home
  • Business
  • News
  • Sports
  • Shows
  • Health
  • Entertainment
  • Education
  • About Us
  • Contact Us
Facebook
Youtube
Instagram

CONNECT WITH US

Powered by
DNETWORK GLOBAL LIMITED
Copyright © 2020 - 2026