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Ngozi Okonjo-Iweala Enters Final Race For World Trade Organization’s DG Position

Ngozi Okonjo-Iweala OnoBello

According to Bloomberg, Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee have been selected as the two final candidates advancing to the final round in the race to lead the World Trade Organisation.

Member of the Geneva-based trade body reportedly disclosed this on Thursday October 8. By advancing two women to the final round of the selection process, the WTO will likely have the first female Director-General in its 25-year history.

Okonjo-Iweala served two stints as Nigeria’s Finance Minister and one term as Foreign Affairs Minister. She has experience working at international governance bodies as a former Managing Director of the World Bank and as a Chairman at the Global Alliance for Vaccines and Immunisation.

Meanwhile, Yoo is South Korea’s Trade Minister, who during her 25-year career in government, helped expand her country’s trade network through bilateral accords with the United States, China and the United Kingdom.

The third and final phase of the consultation process would begin later this month and run until November 6, after which the WTO would name a consensus winner of the race.

The vacancy for the top WTO job arose when Brazil’s Roberto Azevedo decided to step down at the end of August, a year before his term was due to end.

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