Ngozi Okonjo-Iweala set to make history at World Trade Organization

0
41
world trade organization

Ngozi Okonjo-Iweala, an economist and former finance minister of Nigeria, appears set to become the next director general of the World Trade Organization, with the Biden administration announcing its “strong support” for her candidacy.

She would be the first woman and the first African national to lead the organization.

The Biden-Harris Administration expressed its strong support for the candidacy of Dr. Ngozi Okonjo-Iweala as the next Director General of the WTO.

Dr. Okonjo-Iweala brings a wealth of knowledge in economics and international diplomacy from her 25 years with the World Bank and two terms as Nigerian Finance Minister.  She is widely respected for her effective leadership and has proven experience managing a large international organization with a diverse membership.

The Biden-Harris Administration also congratulates Minister Yoo Myung-hee on her strong campaign for this position.  She is a trailblazer as the Republic of Korea’s first female trade minister and the first candidate from Korea to advance this far in the Director General selection process.  The United States respects her decision to withdraw her candidacy from the Director General race to help facilitate a consensus decision at the WTO.

It is particularly important to underscore that two highly qualified women made it to the final round of consideration for the position of WTO Director General — the first time that any woman has made it to this stage in the history of the institution.

The United States stands ready to engage in the next phase of the WTO process for reaching a consensus decision on the WTO Director General.  The President Biden-Harris Administration looks forward to working with a new WTO Director General to find paths forward to achieve necessary substantive and procedural reform of the WTO.

More about international organizations HERE.

Source: Office of the United States Trade Representative

Image Credit: World Trade Organization