Despite wide support, US ‘opposes’ Okonjo-Iweala’s emergence as WTO DG

Despite wide support for Ngozi Okonjo-Iweala, Nigeria’s candidate for the director-general of the World Trade Organisation (WTO), the US has expressed its opposition to her emergence.

TheCable reported on Wednesday that Okonjo-Iweala had emerged winner of the race with support from 104 of all 164 member countries of the WTO.

Those countries include many in Africa and the European Union, where she had received public support.

Despite being an American citizen, sources say the US does not consider Okonjo-Iweala as being committed enough to the interests of the world power at the flagship trade body.

Bloomberg had initially reported that the US was leaning towards Yoo Myung-hee, the South Korean candidate.

ALSO READ:  Ribadu condoles with Adamawa emirate over demise of late Lamido's wife

Bryce Baschuk, Bloomberg’s WTO reporter, also tweeted on Wednesday that the US is opposed to Okonjo-Iweala’s emergence and the road forward remains “unclear”.

The heads of delegation of the WTO are to meet by 3pm and decide on the way forward.

Unlike the World Bank where the US has a larger voting power than other countries, the WTO is run differently, by the consensus of every member country.

“The WTO is run by its member governments. All major decisions are made by the membership as a whole,” the WTO website reads.

“In this respect, the WTO is different from some other international organizations such as the World Bank and International Monetary Fund.

ALSO READ:  Breaking News:Edo Assembly Speaker, Okiye impeached

“Where consensus is not possible, the WTO agreement allows for voting — a vote being won with a majority of the votes cast and on the basis of ‘one country, one vote’.”

The General News

TGnews is a tripod of (The General) News,articles, Journals, opinion and adverts to millions of people accessing the internet. Serving the common interest not personal or sectarian or Religion interest that are in conflict with the national goals and aspirations of building a united ,peaceful and progressive Nigeria and the World at Large.

Next Post

Birthday Message: Sen Binani celebrates her Majesty,Gimbiya Barkindo

Wed Oct 28 , 2020
The Adamawa Central Senator,Engr Aishatu Ahmed Dahiru Binani,the Gimbiyar Fombina Emirate has congratulated the wife of Lamido Adamawa,Her Majesty Hajiya Aishatu Mohammadu Barkindo Aliyu Mustapha,the Sarauniya Adamawa on her birthday. “On behalf of My Self, My Family, My teaming supporters and the entire constituency (Adamawa Central Senatorial), I join all […]
Call for advert