The United States has reaffirmed and stated its reasons for supporting South Korea’s nominee, Yoo Myung-hee to be the next head of the World Trade Organization (WTO), Brandnewsday reports.
Nigeria’s Ngozi Okonjo-Iweala has been leading contender to become the next WTO Director-General as she had gained massive supports from different quarters.
Recall that the WTO nominations committee, Wednesday, endorsed Nigeria’s former Finance Minister, to its 164 member countries for appointment as the DG.
However, America has countered the decision of the panel who recommended Okonjo-Iweala. The world-power country reiterated that it is in support of Yoo to man the WTO affairs.
The 5 reasons the US gave are:
In a statement made available, the office of the US Trade Representative said: “WTO must be led by someone with real, hands-on experience in the field”.
READ: WTO Welcomes Okonjo-Iweala’s Nomination As Director-General
The US Trade office advises President Donald Trump on trade policy.
The statement further reads: ”Yoo had distinguished herself” as a trade expert and “has all the skills necessary to be an effective leader of the organisation.
“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 fulfil basic transparency obligations.
”The WTO is badly in need of major reform,” the statement added.
Meanwhile, the organization spokesman Keith Rockwell has confirmed that one member country did not support Okonjo-Iweala.
Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…
A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…
The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…
Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…
The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a leading financial service solutions…
This website uses cookies.