Why US Oppose Okonjo-Iweala’s Election As WTO DG
The United States’ Government on Wednesday gives reasons why it is opposed to the selection of former Nigerian Finance Minister, Ngozi Okonjo-Iweala, as the Director-General of the World Trade Organisation (WTO).
The U.S. made its position known late Wednesday in a statement by the Office of the US trade representative on the WTO director-general selection process.
The United States said it supported the selection of Korean Trade Minister Yoo Myung-hee as the next WTO Director-General because she is “a bona fide trade expert who has distinguished herself during a 25-year career as a successful trade negotiator and trade policy maker.”
The statement said the minister has all the skills necessary to be an effective leader of the organization.
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“This is a very difficult time for the WTO and international trade,” the statement said.
“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.
Although the U.S. did not mention Mrs Okonjo-Iweala, it however said that “The WTO is badly in need of major reform. It must be led by someone with real, hands-on experience in the field.”
Although she won the overwhelming support of the World Trade Organisation’s 164 members, Mrs Okonjo-Iweala’s ambition suffered a setback as the United States failed to endorse her for the top job.
A spokesperson for the WTO on Wednesday said Mrs Okonjo-Iweala’s candidacy would be put to a meeting of the body’s governing general council on November 9.
Source: Premium Times
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