Yoo drops out of WTO race
Korea has apparently decided to withdraw its trade minister Yoo Myung-hee from the race for World Trade Organization director-general, paving the way for Nigeria’s former finance minister Ngozi Okonjo-Iweala to be confirmed as the head of the global trade body, Washington Trade Daily said today.
While other member nations supported Okojo-Iweala, the Trump administration objected on the grounds that she is close to American Democrats and said Yoo was the better candidate.
After the Trump administration objected, the WTO leadership delayed a final vote on the election.
–The Hagstrom Report
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