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US states why she is opposing Okonjo-Iweala’s candidature

The U.S. says it supports the Korean Trade Minister Yoo Myung-hee as the next WTO Director-General.

The United States’ government has explained why it is opposed to the selection of former Nigerian finance minister, Ngozi Okonjo-Iweala, as the director-general of the World Trade Organisation (WTO).

The U.S. made its position known late Wednesday in a statement by the Office of the US trade representative on the WTO director-general selection process.

The United States said it supported the selection of Korean Trade Minister Yoo Myung-hee as the next WTO Director-General because she is “a bona fide trade expert who has distinguished herself during a 25-year career as a successful trade negotiator and trade policy maker.”

The statement said the minister 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,” the statement said.

“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.

Although the U.S. did not mention Mrs Okonjo-Iweala, it however said that “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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