Breaking: Donald Trump Says No To Ngozi Iweala's WTO DG Ambition

 

World Trade Organisation’s effort to select a leader and chart a new course for the global trading system hit a roadblock Wednesday after the Trump administration vetoed front-runner Ngozi Okonjo-Iweala’s bid to be the WTO’s next Director-General.

Deputy U.S. Trade Representative Dennis Shea said Washington won’t join a consensus to appoint Okonjo-Iweala because the U.S. supports her opponent, South Korean Trade Minister Yoo Myung-hee, according to WTO spokesman Keith Rockwell.


U.S. Trade Representative Robert Lighthizer has pushed for Yoo even though Okonjo-Iweala gained American citizenship in 2019.

Sources close to him say he views Okonjo-Iweala, a longtime top official at the World Bank, as being too close to pro-trade internationalists like Robert Zoellick, a former USTR from the Bush administration who worked with her when he was president of the Washington-based bank.

The U.S.’s lone resistance to the majority-backed Okonjo-Iweala opens the possibility of months of gridlock over the selection process and more diplomatic friction with trading partners like the European Union.

“I’m surprised and disappointed in the U.S. reaction,” said William Reinsch, a trade official in the Clinton administration and senior adviser at the Center for Strategic and International Studies. “I had hoped Lighthizer would have more respect for the institution than that.”
WTO decisions are made by a consensus of its 164 members, which means a single country — especially the world’s largest economy — can create a stalemate to pressure others.

The Geneva-based institution will keep working to reach a consensus ahead of meeting of the General Council tentatively set for Nov. 9. (Bloomberg)

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

1 Comments

  1. If true,then Trump has lost his election as no single Nigerian-American, and they are many, will vote for him.

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