For the first time, a woman is stepping down as head of the World Trade Organization (WTO). Former Nigerian finance minister and eminent economist Okonjo-Iweala is the first woman and the first African to hold the post.
South Korean Commerce Minister Yoo Myung-hee and Nagoji Okonjo-Iweala have filed nominations to head the World Trade Organization. But after Yoo Myung-hee withdrew from his decision, Okonjo-Iweala was elected head of the WTO.
Yoo Myung-hee was supported by the Trump administration. In a statement, U.S. Commerce Secretary described Ikeala as “an asset to international diplomacy” and said she had experience in running a large international organization.
However, the administration of the new President of the United States, Joe Biden, on Friday voted in favor of Okonjo Iweala to become the head of the World Trade Organization (WTO).
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