OKonjo Iweala looses US backing

Former Nigerian Minister of Finance, Ngozi Okonjo-Iweala, has gained more foothold in her bid to lead the World Trade Organisation (WTO) as she wins the endorsement of the European Union (EU).

The United States has however withdrawn its support for Okonjo-Iweal and backed South Korea’s trade chief, Yoo Myung-hee, her only contender in the final phase of the race.

According to Bloomberg, all 27 EU governments agreed on Monday in Brussels to support Okonjo-Iweala over her South Korean rival. The Nigerian and Yoo Myung-hee had on October 7, 2020, advanced to the final round of selection to become the next director-general of the WTO.

Source: Naijanews

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