The World Trade Organisation (WTO) failed to select a new leader by consensus on Wednesday after the United States vetoed the move.
The Deputy US Trade Representative, Dennis Shea, noted that the United States would not join the consensus to appoint Dr. Mrs. Ngozi Okonjo-Iweala, because the US is supporting her opponent, South Korean Trade Minister, Yoo Myung-hee.
The US is pushing for the emergence of Yoo even though Mrs. Okonjo-Iweala is an American citizen.
Mrs. Okonjo-Iweala who was Nigeria’s Finance Minister however enjoys the continued support of almost all European Union member state.
Also, the BBC reported that Dr. Mrs. Okonjo-Iweala, enjoys the support of the WTO’s ambassadors for the DG position.
According to the WTO spokesman, Keith Rockwell, WTO’s major decisions are made by a consensus of its 164 members. Which means that a single country, especially the world’s largest economy (US), can create a stalemate to pressure others.
However, WTO would keept working to reach a consensus ahead of the meeting of the General Council set for November 9.
“All WTO decisions are taken by a consensus of its 164 members, which means the U.S. move will act as a veto that disrupts the process,” Bloomberg reports.
“A WTO official said work would continue to reach a consensus ahead of meeting of the General Council tentatively set for Nov. 9,” the report added.
Okonjo-Iweala had received key endorsement from the WTO selection committee, which moved her much closer to emerging the first WTO female DG, until the United States opposed the move.
She had gained more support to overtake her rival.
Ibrahim Kenneth Suleiman is the Chief Political Editor at Naija Buzz News Network. He is a graduate of political science from the prestigious Ahmadu Bello University Zaria, Kaduna State. He specializes in preparing/approving of political news contents before publication. He currently heads Naija Buzz News team of political correspondents. From Nasarawa State, North-Central Nigeria, Ibrahim is a strong supporter of Manchester United Football Club England.