The former finance minister and coordinating minister of economy Dr. Ngozi Okonjo Iweala has her path cleared in the race to becoming the world trade organisations leader after the South Korean rival reportedly dropped out of the race.
According to the Washington Trade Daily, Seoul is expected to announce this decision in the coming weeks; thereby facilitating the appointment of Okonjo-Iweala, based on sources close to the situation.
South Korea has already conveyed its decision to the United States; which had been insisting on the selection of Yoo.
The Donald Trump-led US administration had refused to accept the recommendation made by the WTO’s selection panel that Okonjo-Iweala be confirmed as DG, despite being voted for by 163 out of 164 members.
With South Korea’s withdrawal of Yoo, Okonjo-Iweala now has a clear path to be named the first female and first African to head this world famous organisation.