The World Trade Organisation (WTO) has announced that it will consider the appointment of a new director-general on February 15, 2021.
In a statement on its website on Tuesday, the Geneva-based trade body said the general council, its top decision making body, will have a virtual meeting on that day.
“The WTO’s General Council will hold a special meeting on 15 February at 15:00 Geneva time to consider the appointment of the next Director-General. The meeting will take place in virtual format,” it said.
Last Friday, Korea’s Trade Minister Yoo Myung-hee withdrew from the race to become the next DG of WTO.
In a televised briefing, Ms. Yoo, who was backed by the previous United States (US) administration under Donald Trump, said she was withdrawing from the race after “close consultation” with the US.
In a statement later that day, the US said the present administration “is pleased” to express its “strong support” for Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala.
The US hailed her as widely respected due to her effective leadership and proven experience managing the World Bank where she spent 25 years.
Okonjo-Iweala, who is now the sole candidate for the position, is in pole position to emerge as the next DG of the trade organisation.
If confirmed by consensus, she will be the first female and the first African to head the WTO.