The European Union has supported Ngozi Okonjo-Iweala as well as South Korean candidate, Yoo Myung-hee, for the position of the Director-General (DG) of the World Trade Organisation (WTO).
This was disclosed by Bloomberg on Monday after a source at the EU revealed the candidates the Union would support, as the date to select a leader comes to a final chapter.
The WTO’s General Council is expected to meet today to reduce the five candidates still in the race for DG to two.
The remaining five candidates which include Ngozi Okonjo-Iweala (Nigeria), Liam Fox (UK), Amina Chawahir Mohamed Jibril (Kenya), Yoo Myung-hee (South Korea), and Mohammad Maziad Al-Tuwaijri ( Saudi Arabia) will be further pruned down to just two candidates after the second round of elimination.
EU member-country envoys agreed on Monday in Brussels to endorse Ngozi Okonjo-Iweala, Nigeria’s former finance minister, and Yoo Myung-hee, South Korea’s trade chief, in their bids to become WTO director-general, according to an official familiar with the matter.
2 finalists would be announced on October 6th and the new Director-General would be announced on the 7th of November.
Okonjo-Iweala and the 4 other candidates will present themselves to the members of the global trade body for voting in the hopes of securing the highest number of votes to succeed the current DG, Mr. Roberto Azevêdo.