Ngozi Okonjo-Iweala has a clearer opportunity to become the first female Director General of World Trade Organization(WTO) as South Korean trade minister Yoo Myung-hee on Friday abandoned her bid to become head of WTO.
Yoo had consulted with the United States — her prime backer — and other major countries and “decided to renounce her candidacy”, South Korea’s trade ministry said in a statement.
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 WTO head is normally chosen by consensus, leaving the process at a standstill.
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