Prof. Ngozi Okonjo-Iweala has finally received the approval of the Joe Biden administration to lead the World Trade Organisation (WTO)
The U.S. has accepted that she would become the next director-general of the World Trade Organization, hours after South Korea’s trade minister stepped out of the race.
Biden’s decision is the last hurdle standing in the way of Ms. Okonjo-Iweala assuming the top job at the WTO, following South Korea’s Yoo Myung-hee throwing in the towel.
The Trump administration, last year, threw its weight behind Ms. Yoo, saying she was better qualified even when a majority of WTO member backed Ms. Okonjo-Iweala.
A statement on Friday by the office of the U.S. Trade Representative said,: “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.
“We look forward to working with a new WTO director-general to find paths forward to achieve necessary substantive and procedural reform of the WTO.”
With this development Ngozi Okonjo-Iweala looks set to become the first woman and the first African to run the Geneva-based trade body.