South Korea has decided to withdraw its candidate from the World Trade Organisation, WTO, director-general race, according to Washington Trade Daily.
Yoo Myung-hee is South Korea’s Trade Minister and its candidate for the top job at the WTO following the resignation of Roberto Azevedo.
Ngozi Okonjo-Iweala, Nigeria’s candidate in the WTO race had secured the popular vote by a wide margin on October 28 but was not named DG because the United State opposed her candidacy.
The two women are the last candidates standing and the eventual winner will set a record as being the first female WTO DG.
However there are speculations that the US might change its stance following Donald Trump’s failure to get re-elected as president.
After the October 28 meeting WTO also said Okonjo-Iweala had the best chance of getting a consensus.
Dandal Kura Radio International reports that the November 8 general council meeting scheduled to consider the appointment of the next DG was also postponed.