Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Nigerian set for WTO nod, but US-China divided on leadership choice

Nigerian set for WTO nod, but US-China divided on leadership choice

The race to lead the World Trade Organization is nearly run, with the Nigerian candidate looking most likely to take the reins of the Geneva body.

The World Trade Organization (WTO) moved a step closer to appointing its next director general on Wednesday, with top officials recommending Nigerian candidate Ngozi Okonjo-Iweala for the job at a meeting in Geneva.

WTO General Council chair David Walker told an informal gathering of the heads of delegations that Okonjo-Iweala is most likely to achieve consensus, having gained the backing of a sizeable majority of WTO members.

However, the United States told the same meeting that it will not back her candidacy, meaning Okonjo-Iweala does not yet have the consensus needed to secure the job.

“One delegation could not support the candidacy of Dr Ngozi and said they would continue to support the South Korean Minister [Yoo Myung-hee], that delegation was the USA,” said WTO spokesman Keith Rockwell.


China also took the floor at the meeting to say that it “supported the process of the troika and that the process had been well-run and they respect the outcome”, Rockwell said, the implication being that China supported Okonjo-Iweala.

In total, 27 delegations took the floor to support the Nigerian‘s candidacy, with only the US differing.

This comes after a formal “confessionals” process conducted by the WTO’s troika – the three ambassadors that head up its core divisions – who spent days gleaning member preferences.

The final decision will now be kicked down the road to a formal meeting of the General Council on November 9, after the US election, with ample time for back channelling in between. If a consensus cannot be agreed on November 9, then the WTO race will go for the first time to a members’ vote.

With the US and China backing different candidates, the possibility of a deadlock remains, with the superpower rivalry simmering underneath the four month election process.

Those familiar with Beijing’s thought process suggest that because of China’s strong trade and investment ties with Africa, as well as the fact that an African leader is more likely to champion a developmental trade agenda, China was likely to back Okonjo-Iweala, even after it emerged during the campaign that she holds a US passport.

“The US should stop behaving as if it were above international organisations like the WTO,” said Victor Gao, a Beijing-based international relations expert and former translator to paramount leader Deng Xiaoping, who added that despite the nationality issue, China was expected to back the Nigerian candidate all along.

The European Union has also thrown its considerable clout behind the African candidate. Japanese government sources briefed local media that it would prefer Okonjo-Iweala over rival candidate Yoo Myung-hee of South Korea, not an unexpected development given the troubled trade relationship between the two East Asian export powerhouses.

The US prefers Yoo, the current South Korean trade minister, who was at the helm as Seoul and Washington signed their renegotiated bilateral free trade agreement last year, and who is extremely well-regarded by the Trump administration and in Washington policy circles.

A source briefed on the US government’s thinking said that Washington preferred Yoo because of her broader trade experience compared with Okonjo-Iweala, who has had a long career in development finance and politics, but no direct experience in trade issues.

“The Nigerian delicate is seen as a seasoned international diplomat but does not have much experience on trade matters or the WTO. So, Washington seems to favour somebody who knows the WTO,” said the source, adding that the US alliance with South Korea is another important factor in its support.

Politico reported on Tuesday that the US State Department directed local embassies to sound out support for Yoo, in a sign that it favoured the Korean candidate.

“Yoo has a good reputation in the United States because of the way that she handled the US-Korea negotiation – she was actually a counterpart of mine and some others at [the US Trade Representative], and we all really liked working with her,” said Clete Willems, a partner at law firm Akin Gump, who helped renegotiate the US-Korea trade deal with Yoo as a counterpart.

Xi Jinping vows to promote Shenzhen as global trade hub during 40th anniversary visit


In South Korea, former trade officials said that the reality was beginning to set in that the race was slipping away from Yoo, who worked her way through the civil service for 25 years to become trade minister, where she has helped tie up series of successful trade deal negotiations.

“She has had an outstanding record as a deal maker in the Korean government and that experience would be quite useful in breaking the deadlock at the WTO. I think we need that sort of deal maker in the WTO,” said Kim Chulsu, former WTO deputy director general, and the first South Korean candidate to run for the body’s top office back in 1995.

Asif Qureshi, a professor in international economic law at the Korea University in Seoul, added that while “the hope is for positive outcome, a touch of realism is creeping in as a consequence of the EU’s stance and declaration for the Nigerian candidate”.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×