European Union (EU) member states have endorsed the candidacy of the former Nigeria”s Finance Minister, Ngozi Okonjo-Iwela to lead the World Trade Organization (WTO).
Apart from Okonjo-Iweala, the Union also endorsed Yoo Myung-hee, the South Korea’s trade chief, at a meeting in Brussels.
The long-expected endorsement was blocked until the last minute by Hungary, which had lent its support to Britain’s former trade minister Liam Fox and Amina Mohamed of Kenya.
An initial pool of 8 candidates to replace Roberto Azevedo, who stepped down as the WTO director-general last month, is now expected to be held in the bid to reduce the number of candidates to two.
Okonjo-Iwela’s campaign is been led by the Nigerian Government with President Muhammadu Buhari said to be positively disposed at ensuring the country records another with in international politics after the successful re-election of Akinwumi Adesina as the president of African Development Bank.