‘Yoo Myung-hee better suited for the post of WTO DG’ – US reveals
NEWSMAN, Abuja – United State authorities have given their reasons for supporting South Korea’s trade minister Yoo Myung-hee for the role of director-general of the World Trade Organisation (WTO) over Nigeria’s Ngozi Okonjo-Iweala.
A statement by the Office of the United States Trade Representative said the needed reforms for the WTO, “must be led by someone with real, hands-on experience in the field” and further insisted that the selection of the Korean Trade Minister is because she is better suited for the post.
“This is a very difficult time for the WTO and international trade,” US said in support of Yoo Myung-hee who it believes ” has all the skills necessary to be an effective leader of the organization.
“WTO is badly in need of major reform” because there “There have been no multilateral tariff negotiations in 25 years, the dispute settlement system has gotten out of control, and too few members fulfill basic transparency obligations,” the statement read.
The global trade body is set to be led by a woman for the first time, after initial pool of eight candidates for the WTO’s top post had been whittled down to just two, with only Okonjo-Iweala and South Korean Trade Minister Yoo Myung-hee left in the race.
However, United State’s support for Yoo Myung-hee appears to be a strong obstacle in the way of Nigeria’s Okonjo-Iweala becoming the first African to lead the WTO, despite Okonjo-Iweala’s American citizenship.
Meanwhile, Okonjo-Iweala, expressed confidence earlier this month that she would be the successful candidate, after she got support from African Union, and subsequently, the European Union.