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Nigeria’s Ngozi Okonjo-Iweala Proposed As New WTO Chief

Geneva: Nigeria’s former Finance Minister Ngozi Okonjo-Iweala has been proposed to turn out to be the brand new Director-Common of the World Commerce Group (WTO).

Spokesman Keith Rockwell advised a media briefing on Wednesday {that a} key group of three WTO Ambassadors, the so-called “troika”, proposed Okonjo-Iweala as the brand new head of the Geneva-based group in a closed-door assembly, assessing that the candidate “had the best chance of attaining the consensus of the membership”, Xinhua information company reported.

Nonetheless, “one delegation could not support the candidacy of Ngozi and said they would continue to support South Korean Minister Yoo. That delegation was the US”, Rockwell stated.

The “troika” consists of the chairs of three main WTO committees — the Common Council (GC), the Dispute Settlement Physique (DSB), and the Commerce Coverage Evaluation Physique (TPRB).

They put ahead a shortlist after each spherical of consultations with WTO members till the third and closing one, which ran from October 19- 27.

Since early October, Okonjo-Iweala had been dealing with off in opposition to the opposite feminine candidate, South Korea’s Minister for Commerce Yoo Myung-hee, within the closing spherical of race to turn out to be the brand new WTO chief.

Okonjo-Iweala’s candidacy will likely be put for endorsement at a WTO Common Council assembly on November 9.

The WTO’s management emptiness was created after its former chief Roberto Azevedo stepped down on August 31, a yr earlier than the tip of his official time period.

The group is at the moment being steered by 4 deputies.

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