Okonjo-Iweala set to be crowned DG of WTO as South Korean candidate withdraws from race
Okonjo-Iweala who joined the race late, is now set to be named DG of the WTO.
Bloomberg reports that Yoo made the decision after discussions with the U.S. and other major nations.
She examined all the issues “comprehensively;” including the need to revitalize the multilateral organization, according to a statement from Korea’s trade ministry on Friday.
Her withdrawal from the race arrives after dozens of former U.S. government officials urged President Joe Biden to endorse Okonjo-Iweala after the Trump administration blocked her selection.
The WTO had to hold off on the entire process because of Trump's opposition, since the WTO always chooses its Director General by consensus.
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