Okonjo-Iweala is candidate with the best chance- WTO

By AdvocateNews on 28/10/2020

Share on facebook Yahoo mail icon Gmail icon

Views: 604

Ngozi Okonjo-Iweala
Ngozi Okonjo-Iweala

• U.S insists on Korean's Yoo

Nigeria’s Ngozi Okonjo-Iweala has the best chance of emerging Director-General of the World Trade Organisation (WTO) via consensus, the body has stated.

In a tweet after the head of delegates meeting on Wednesday in Geneva, the WTO said the result of the consultations is being considered.

WTO spokesperson Keith Rockwell said: “The candidate that had the best chance of attaining a consensus of the membership is Dr. Ngozi Okonjo-Iweala of Nigeria. Consultations on the way fwd will start immediately”.

Meanwhile, the World Trade Organization’s effort to select a leader and chart a new course for the global trading system hit a roadblock Wednesday after the Trump administration vetoed a bid by front-runner Ngozi Okonjo-Iweala, who is a U.S. citizen, to be the WTO’s next director-general.

Deputy U.S. Trade Representative Dennis Shea said Washington won’t join a consensus to appoint Okonjo-Iweala because the U.S. supports her opponent, South Korean Trade Minister Yoo Myung-hee, according to WTO spokesman Keith Rockwell.

U.S. Trade Representative Robert Lighthizer has pushed for Yoo even though Okonjo-Iweala gained American citizenship in 2019. Sources close to him say he views Okonjo-Iweala, a longtime top official at the World Bank, as being too close to pro-trade internationalists like Robert Zoellick, a former USTR from the Bush administration who worked with her when he was president of the Washington-based bank.

The U.S.’s lone resistance to the majority-backed Okonjo-Iweala opens the possibility of months of gridlock over the selection process and more diplomatic friction with trading partners like the European Union.

“I’m surprised and disappointed in the U.S. reaction,” said William Reinsch, a trade official in the Clinton administration and senior adviser at the Center for Strategic and International Studies. “I had hoped Lighthizer would have more respect for the institution than that.”

WTO decisions are made by a consensus of its 164 members, which means a single country -- especially the world’s largest economy -- can create a stalemate to pressure others. The Geneva-based institution will keep working to reach a consensus ahead of meeting of the General Council tentatively set for Nov. 9.

Posted 28/10/2020 9:12:18 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Dangote MD urges FG to stop tomato paste...

Fire engulfs Owerri Airport

Buhari mourns Shagari

Enugu records 4 new COVID-19 cases

SEEDS OF DESTINY TODAY: THE RIGHT THOUGHT AND...

Enugu Speaker survives Coronavirus

Again, Court orders temporary forfeiture of funds linked...

Enugu confirms 5 new COVID-19 cases, three deaths...

Mechanic gets 15 strokes of cane for stealing...

How 18-year-old boy allegedly killed brother’s identical twins...

FG votes N793m for Almajiri education in Kano,...

FG files charges against seven men over alleged...

 

Latest News Dry season: Enugu govt donates rapid response vehicles to state fire service How Maina was arrested in Niamey — Police Boko Haram leader, Shekau, releases new video, justifies rice farmers’ killing Boko Haram mounts checkpoints, collects levies Borno, says Senate Joe Biden to name a Nigerian, Treasury Secretary Court martial convicts, demotes Major-General Adeniyi over leaked video Fleeing ex-Pension Chairman, Maina arrested in Niger Republic N450m hidden in bank account by court officials uncovered by ICPC Ex-SGF, Babachir Lawal rearraigned over grass-cutting contract fraud Umahi is under the control of evil spirit... my blood is not available for him —Umahi Obiano flags off Dustribution of Christmas Rice to Anambra Workers Man stabbed to death after winning N15M Bet In Delta

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (41,787 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (27,509 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (21,043 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (18,911 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (18,689 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (18,382 views) ASUU strike: Senate intervention ends in deadlock (17,786 views) All you need to know about Peter Obi, PDP VP Candidate (17,757 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (16,245 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (15,175 views) Ebonyi bans embalming of corpses in homes (15,099 views) Sickle cell support group seeks government intervention (15,061 views)

 

SECTIONS FAITH (20) EDITORIAL (13) NEWS (4,083) POLITICS (474) SOCIETY (123) SPORTS (36) BUSINESS (329) HEALTH (46) EDUCATION (38) INTERNATIONAL (110) ENTERTAINMENT (30) TECHNOLOGY (1) COLUMNISTS (18) LETTERS (1) OPINION (26)

 

 

Julius Agwu - Crazy Interview Demands