Breaking: Okonjo-Iweala speaks on WTO progress

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Former Nigeria finance minister and a former managing director of the World Bank, Dr Ngozi Okonjo-Iweala, has expressed happiness on her success and continued progress in her quest to become the next Director General of the World Trade Organization (WTO).

Okonjo-Iweala, in a post on her social media page, said she was humbled to be declared the candidate with the largest, broadest support among members and most likely to attract consensus.

“Happy for the success and continued progress of our #WTO DG bid. Very humbled to be declared the candidate with the largest, broadest support among members and most likely to attract consensus. We move on to the next step on November 9, despite hiccups. We are keeping the positivity going,” she said.

The World Trade Organization’s bid to select a new leader was plunged into uncertainty on Wednesday after the United States rejected her proposal as the global trade watchdog’s next director-general.

The Office of the U.S. Trade Representative explained why the President Donald Trump-led administration was opposed to the selection of Ngozi Okonjo-Iweala, as the director-general of the World Trade Organisation (WTO).

The United States said it supported instead Korean Trade Minister Yoo Myung-hee because she is “a bona fide trade expert who has distinguished herself during a 25-year career as a successful trade negotiator and trade policy maker.”

Although the U.S. did not mention Dr Okonjo-Iweala, it said “The WTO is badly in need of major reform. It must be led by someone with real, hands-on experience in the field.”

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