WTO Postpones Meeting Next Week to Select Its New Leader

(Bloomberg) — The World Trade Organization postponed a general council meeting set for Monday where members were expected to review whether to select their next leader, according to a notice circulated Friday.

a clock mounted to the side of a building: No reason to leave.

© Photographer: Robert Hradil/Getty Images
No reason to leave.

The decision will delay the WTO’s ability to confirm Nigeria’s Ngozi Okonjo-Iweala as the first African and first woman to lead the organization in its 25-year history.


Load Error

The statement obtained by Bloomberg said that the meeting would be postponed until further notice and that the chairman of the WTO general council will continue to consult with members about selecting the next director-general.

The delay comes a week after the Trump administration said it would oppose Okonjo-Iweala’s bid because the U.S. preferred South Korean Trade Minister Yoo Myung-hee for the job. Yoo has refused to withdraw from the race and has not responded to multiple requests for comment.

The U.S. unilaterally opposed Okonjo-Iweala despite the fact that the WTO selection committee determined she “clearly carried the largest support by members” and “clearly enjoyed broad support from members from all levels of development and from all geographic regions.”

The Trump administration’s move has disrupted the leadership race because all WTO decisions are made by a consensus of its 164 members, which means a single country can oppose a decision for any reason.

WTO General Council Chairman David Walker issued a separate notice that said: “It has come to my attention that for reasons including the health situation and current events, delegations will not be in a position to take a formal decision on 9 November. I am therefore postponing this meeting until further notice during which period I will continue to undertake consultations with delegations.”

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

Continue Reading

Source Article