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U.S Govt gives reason for rejecting Okonjo-Iwela as WTO DG

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The United States Government has explained why it rejected the Nigerian former minister of finance, Ngozi Okonjo-Iwela as the new Director General of World Trade Organization.

Recall that jubilation in Nigeria was paused on Wednesday after the United States Government opposed the decision of 163 members of the organization to crown Okonjo-Iwela and opt for Korean Trade Minister, Yoo Myung-hee.

AFRIPOST reports that 163 out of 164 members voted for the Nigerian former minister.

However, in a statement by the office of the US Trade Representative, America cited lack of experience and procedural issues for its stance.

The statement reads, “The Office of the United States Trade Representative issued the following statement today on the selection of the next World Trade Organisation Director-General:

“The United States supports the selection of Korean Trade Minister Yoo Myung-hee as the next WTO Director-General. Minister Yoo is a bona fide trade expert who has distinguished herself during a 25-year career as a successful trade negotiator and trade policy maker.  She has all the skills necessary to be an effective leader of the organization.

“This is a very difficult time for the WTO and international trade. 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 WTO is badly in need of major reform.  It must be led by someone with real, hands-on experience in the field.”

 

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