Okonjo-Iweala’s WTO DG contender withdraws

Yoo Myung-hee, the only candidate challenging Nigeria’s former Finance Minister, Ngozi Oknojo-Iweala’s aspiration to become the next World Trade Organization Director-General as dropped from the race.

Myung-hee, the South Korean Trade Minister, has been the only remaining candidate challenging Okonjo-Iweala for the job.

According to a statement from Korea’s Trade Ministry on Friday, the minister made the decision after discussions with the U.S. and other major nations, and took various issues into account including the need to revitalize the multilateral organization.

Her withdrawal comes after dozens of former US government officials urged President Joe Biden to endorse Okonjo-Iweala after the Trump administration blocked her selection.

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The WTO had halted the entire process because of Trump’s opposition.

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