United States Not Supporting Okonjo-Iweala’s WTO Candidacy – SR

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United States Not Supporting Okonjo-Iweala’s WTO Candidacy Despite American Citizenship

The United States of America might not be endorsing Ngozi Okonjo-Iweala’s candidacy to lead the World Trade Organisation, SaharaReporters has gathered.

This comes as a setback for Okonjo-Iweala despite obtaining American citizenship in 2019, thereby becoming a dual citizen of Nigeria and the US.

Meanwhile, the European Union has maintained its support for Okonjo-Iweala to become the Director-General of the WTO.

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Experts now believe that the EU and US, who have historically agreed on decisions like these, may clash.

A top official privy to the candidacies race informed SaharaReporters that Okonjo-Iweala’s opponent, Yoo Myung-Hee of South Korea, has the upper hand to receive the backing of the United States.

While the backing is yet to be made official, the source affirmed that President of the US, Donald Trump, has said he will be backing a known person whom he has worked with.

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The United States’ trade representative, Robert Lighthizer, has worked with Myung-Hee and is believed to prefer her candidature.

Okonjo-Iweala is likely to also receive the endorsement of China, Brazil and Japan even though that is yet to happen.

The officials stated that the US would be officially announcing its preferred candidate on November 7, 2020.

Okonjo-Iweala, who is yet to be announced winner of WTO, contrary to reports in the social media, is promoting the multilateral trading system, which the WTO has always leaned on, while the Trump administration has favoured bilateral trades.

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The post United States Not Supporting Okonjo-Iweala’s WTO Candidacy – SR appeared first on Naijaloaded | Nigeria’s Most Visited Music & Entertainment Website.


Source: News update

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