The Korea Times close
National
  • Politics
  • Diplomacy
  • Defense
  • Labor & Environment
  • Law & Crime
  • Health & Welfare
  • Embassy
  • Seoul & Provinces
  • Education
  • Foreign Communities
  • Obituaries
  • Multicultural Youth Award
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Finance
  • Policies
  • Economy
  • Markets
  • Banks
  • Non-banks
  • Economic Essay Contest
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
Lifestyle
  • Arts
  • Books
  • Travel & Cuisine
  • Trend
  • Fashion
  • Around Town
  • Fortune Telling
Entertainment
  • K-pop
  • K-dramas & Shows
  • Movies
  • Music
  • Performances
  • Asia Model Festival
Sports
  • Football
  • Golf
  • Baseball
  • Other Sports
World
  • Asia Pacific
  • Americas
  • Europe & Africa
  • SCMP
Video
  • On the Spot
  • Feature
  • News
Photos
  • Photo News
  • Darkroom
Community
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
National
  • Politics
  • Diplomacy
  • Defense
  • Labor & Environment
  • Law & Crime
  • Health & Welfare
  • Embassy
  • Seoul & Provinces
  • Education
  • Foreign Communities
  • Obituaries
  • Multicultural Youth Award
Sat, January 23, 2021 | 04:18
Korean candidate behind Nigerian rival in WTO leadership race
Posted : 2020-10-29 09:41
Updated : 2020-10-29 17:10
Mail
Print Preview
Font Size Up
Font Size Down
This file photo taken on July 15, 2020, shows Nigerian former Foreign and Finance Minister Ngozi Okonjo-Iweala in Geneva, following her hearing before World Trade Organization (WTO) 164 members' representatives, as part of the application process to head the WTO as Director General. Key WTO ambassadors tapped Nigeria's Ngozi Okonjo-Iweala on Oct. 26, 2020, as the best pick to lead the organisation, but she was opposed by Washington, who said it supported Korean Trade Minister Yoo Myung-hee instead. AFP
This file photo taken on July 15, 2020, shows Nigerian former Foreign and Finance Minister Ngozi Okonjo-Iweala in Geneva, following her hearing before World Trade Organization (WTO) 164 members' representatives, as part of the application process to head the WTO as Director General. Key WTO ambassadors tapped Nigeria's Ngozi Okonjo-Iweala on Oct. 26, 2020, as the best pick to lead the organisation, but she was opposed by Washington, who said it supported Korean Trade Minister Yoo Myung-hee instead. AFP

The World Trade Organization's bid to select a new leader was plunged into uncertainty on Wednesday after the United States rejected the Nigerian woman proposed as the global trade watchdog's next director-general.

Just six days before the U.S. election in which trade is a hot topic, Washington struck another blow at the WTO, which U.S. President Donald Trump has described as "horrible" and biased towards China.

The Trump administration has already paralysed the WTO's role as global arbiter on trade by blocking appointments to its appeals panel. Now it threatens to render it leaderless for weeks or months to come.

The WTO itself has called a meeting for Nov. 9, less than a week after the election, by which time it hopes to have secured full backing for Nigeria's Ngozi Okonjo-Iweala.

The decision needs to be approved by consensus, however, meaning any of the 164 WTO members could block her appointment.

After weeks of consultations, three WTO ambassadors, the "troika" charged with finding a successor to Brazilian Roberto Azevedo, announced at a meeting in Geneva on Wednesday that the former Nigerian finance minister should be the next chief as she had secured cross-regional backing.

"All of the delegations that expressed their views today expressed very strong support for the process, for the troika and for the outcome. Except for one," WTO spokesman Keith Rockwell told reporters after the closed-door meeting, specifying that the one was the United States.

The U.S. Trade Representative's office later released a statement officially backing the only other remaining candidate, South Korean trade minister Yoo Myung-hee, praising her as a successful trade negotiator with the skills needed to lead the trade body at a "very difficult time".

"It must be led by someone with real, hands-on experience in the field," it said in a possible dig at the Nigerian candidate whom critics say has lacks technical knowledge of multilateral trade talks.

William Reinsch, a former senior Commerce Department official now with the Center for Strategic and International Studies said the U.S. move was likely to worsen trade tensions already running high within the WTO.

"It's very Trumpian. They're basically saying 'We want to get our way and we're willing to throw sand in the gears if we don't get it'," he said, adding that it was possibly a bid to gain concessions in other disputes.

A spokeswoman for Okonjo-Iweala said she was "immensely humbled" by the backing of the WTO's selection committee and hoped for a swift conclusion to the process.

"FRENZIED ACTIVITY"

Next steps are uncertain but WTO's Rockwell said there was likely to be "frenzied activity" before the Nov. 9 meeting to secure the required consensus.

It was not immediately clear if the outcome of the U.S. vote would affect the U.S. position on Okonjo-Iweala's appointment. By then, Trump may be heading a lame-duck administration.

Many members, including China and the United States, had declined to name their preference publicly before Wednesday although some African, Caribbean and other states had voiced support for Okonjo-Iweala during the four-month selection process. The European Union endorsed her on Oct. 26.

The leadership void was created after outgoing WTO chief Azevedo stepped down a year early in August. The WTO is currently being steered by four deputies.

Okonjo-Iweala, a 66-year-old former finance minister and World Bank managing director, would face considerable challenges with rival economies bickering amid rising tensions and protectionism during a coronavirus-induced trade plunge.

Okonjo-Iweala, a development expert, has branded herself a "do-er", saying she has the political clout to command influence in capitals.

Currently chair of the of GAVI vaccine alliance board, she has also said the WTO should play a role in helping poorer countries access COVID-19 drugs and vaccines. (Reuters)












 
WooriBank
 
  • [INTERVIEW] Ex-US envoy calls China 'malign influence,' urges Seoul to join new alliance
  • [INTERVIEW] Climate change revolutionaries: Why students in Korea hit the streets
  • Samsung Electronic seeks Intel chip outsourcing deal
  • Woman gets suspended jail term for assaulting mother-in-law
  • Growing number of Koreans refuse life-sustaining treatment
  • Biden orders masks, travel clampdown in new war on COVID-19
  • Korea gears up to start COVID-19 vaccinations next month
  • 'Bidencare' triggers optimism among Korean healthcare firms in US
  • [INTERVIEW] Korea urged to brace for side effects of 'Bidenomics'
  • 'No likelihood of North Korea collapse with Kim in complete control'
  • Why have K-pop dance practice videos become so popular? Why have K-pop dance practice videos become so popular?
  • Seolhyun's first social media posts since AOA bullying scandal get mixed reactions Seolhyun's first social media posts since AOA bullying scandal get mixed reactions
  • [K-POP INTERVIEW] What are MOMOLAND's comfort foods? [VIDEO] [K-POP INTERVIEW] What are MOMOLAND's comfort foods? [VIDEO]
  • Korean National Ballet, KBS criticized for dangerous filming location Korean National Ballet, KBS criticized for dangerous filming location
  • [INTERVIEW] Model-turned-actress Jang Yoon-ju talks about becoming fearless on screen [INTERVIEW] Model-turned-actress Jang Yoon-ju talks about becoming fearless on screen
DARKROOM
  • Biden takes office as 46th president [PHOTOS]

    Biden takes office as 46th president [PHOTOS]

  • Biden-Harris inauguration is taking shape

    Biden-Harris inauguration is taking shape

  • Second Trump impeachment

    Second Trump impeachment

  • Pro-Trump rioters breach the US Capitol

    Pro-Trump rioters breach the US Capitol

  • Our children deserve better (Part 2)

    Our children deserve better (Part 2)

WooriBank
  • About Korea Times
  • CEO Message
  • Times History
  • Content Sales
  • Media Kit
  • Contact Us
  • Location
  • Privacy Statement
  • Terms of Service
  • Mobile Service
  • RSS Service
  • Ombudsman
  • hankookilbo
  • Dongwha Group
  • Code of Ethics
Copyright