U.S. finally endorses Okonjo-Iweala to lead WTO

U.S. finally endorses Okonjo-Iweala to lead WTO

U.S. finally endorses Okonjo-Iweala to lead WTO…

 

The United States government has endorsed Nigeria’s ex-finance minister, Ngozi Okonjo-Iweala for the office of the director-general of the World Trade Organisation (WTO).

U.S. finally endorses Okonjo-Iweala to lead WTO
U.S. finally endorses Okonjo-Iweala to lead WTO

A statement released by the office of the US Trade Representative, said the Biden-Harris administration is pleased to support the candidacy of Okonjo-Iweala.

The statement read;

“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-lweala 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.”

In 2020, the administration former president Donald Trump had refused to back the former managing director of the World Bank on grounds that she lacked trade experience.

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However, US leaders including Nobel Laureate, Joseph Stiglitz in January 2021, wrote President Biden, urging him to support the candidacy of Okonjo-Iweala.

They argued that she would be the first American and woman of colour to serve as the WTO’s director-general, emphasising that this “will send a clear message of inclusion to the rest of the world”.

 

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