Finally, US upholds Okonjo-Iweala to head WTO

Obinwannem News Finally, US upholds Okonjo-Iweala to head WTO

Former minister of finance Ngozi okonjo iweala has secured the support of the Biden administration of the United States to lead the World Trade Organization (WTO).

The United States on Friday endorsed okonjo iweala to serve the international trade body.

Obinwannem News had previously reported the US refusal of Okonjo-Iweala confuses WTO leadership last year.

The two women qualified for the final round of the post; however, Myung-Hee withdrew her bid for the position on Friday, after discussions with the US and other major nations – according to a statement from Korean trade ministry .

“The Biden Harris administration congratulates minister Yoo Myung-Hee on her strong campaign for this position,” the statement said.

Okonjo-Iweala, who became US citizen in 2019, would be the first woman and the first African to head the (WTO). She held the ‘second position’ at World Bank as managing director. She is professionally inclined in Economics, and had served as Nigeria finace minister twice.

“This happens to be “the first time that any woman has made it to the stage in the history of the institution,” the office of the US trade representative wrote on Friday in an unattributed statement.

Mrs Okonjo Iweala took to her tweet to express her gratitude shortly after she was endorsed for the job by the US government Friday night.

“Grateful for the expression of support from the US today for DG @WTO. Congratulations to madam Yoo of South-Korea for a hard fought campaign,” she tweeted.

“Thank you President @M Buhari & all Nigerians for your unflinching support. Thank you friends, love to my family. Glory to God.”

Ijeoma Njoku reporting, Obinwannem News