US finally backs Ngozi Okonjo-Iweala for Next WTO Director. On Friday, Feb 5, the Biden administration said the U.S. would help Ngozi Okonjo-Iweala as the World Trade Organization’s next director-general, hours after South Korea’s trade minister dropped out of the race.
The decision of the Biden administration is the last hurdle remaining in the way of Ms. Okonjo-Iweala taking the top job at the WTO after Yoo Myung-hee of South Korea pulled out.
A majority of WTO members endorsed Ms. Okonjo-Iweala last year, but the Trump administration backed Ms. Yoo, claiming she was better suited.
The U.S. office. “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.” Trade Representative said in a statement Friday.
“She is widely respected for her effective leadership and has proven experience managing a large international organization with a diverse membership.” the statement said.
Ngozi Okonjo-Iweala is set to be the first woman to run the Geneva-based trade organization and the first African.