The United States of America has finally expressed support for Ngozi Okonjo-Iweala’s bid to become the next Directo-General of the World Trade Organisation (WT0).
US under the administration of former President Donald Trump had South Korea’s Yoo Myung-hee as its preferred candidate but a change in administration changed the narrative.
Yoo, on Friday, withdrew from the race, making the coast clear for Okonjo-Iweala who emerged as the sole candidate for the job.
In a statement issued on Friday, the United States Trade Representative said that the Biden administration is pleased to express its strong support for the candidacy of Okonjo-Iweala.
The statement reads, “The United States takes note of today’s decision by the Republic of Korea’s Trade Minister Yoo Myung-hee to withdraw her candidacy for Director General of the World Trade Organization (WTO).
“The Biden-Harris Administration is pleased to express its strong support for the candidacy of Dr. Ngozi Okonjo-Iweala as the next Director General of the WTO. Dr. Okonjo-Iweala brings a wealth of knowledge in economics and international diplomacy from her 25 years with the World Bank and two terms as Nigerian Finance Minister. She is widely respected for her effective leadership and has proven experience managing a large international organization with a diverse membership.
“The Biden-Harris Administration also congratulates Minister Yoo Myung-hee on her strong campaign for this position. She is a trailblazer as the Republic of Korea’s first female trade minister and the first candidate from Korea to advance this far in the Director General selection process. The United States respects her decision to withdraw her candidacy from the Director General race to help facilitate a consensus decision at the WTO.
“It is particularly important to underscore that two highly qualified women made it to the final round of consideration for the position of WTO Director General — the first time that any woman has made it to this stage in the history of the institution.
“The United States stands ready to engage in the next phase of the WTO process for reaching a consensus decision on the WTO Director General. The Biden-Harris Administration looks forward to working with a new WTO Director General to find paths forward to achieve necessary substantive and procedural reform of the WTO.”