Connect with us

FEATURED

WTO’s Plum Job: Nigeria Begins Diplomatic Actions To Head-off U.S Opposition Against Okonjo-Iweala

Published

on

Okonjo-Iweala

As the world awaits the outcome of the final consensus decision on the next World Trade Organisation, WTO, there are indications that Nigerian government may have started diplomatic actions to head-off opposition from the United States of America, USA, against the emergence of Nigeria’s Okonjo-Iweala for the job.

According to report in Vanguard quoting an anonymous source at the Ministry of Trade and Investment, the government was taking steps to prevent USA’s opposition from snowballing into adverse swing in the support base for Nigeria’s nominee.

Okonjo-Iweala had received endorsement from the majority of the voting members of the WTO giving her a clear lead over the contending candidate, South Korea’s trade minister, Mrs Yoo Myung-hee.

But sources close to the WTO as well as western media outlets have indicated that the USA was drumming support in favour of Myung-hee, while advancing reasons why Okonjo-Iweala should not get the job.

BREAKING: Nigeria’s Nominee, Okonjo-Iweala Sets To Clinch WTO’s Plum Job — Report

A top trade ministry source said, “the Ministry was aware of USA’s position long before now and we are not folding our hands”.

Advertisement

He also added, “we are confident that most of the countries that have expressed support would not back out under pressure from USA.”

He declined to give details of what the government was doing to ensure the support of the majority of the WTO Council members.

Okonjo-Iweala emerged winner of the highly competitive race, polling 104 endorsements out of 164 member countries at the final stage of the race earlier this week.

The process of picking WTO’s DG/ Chief Executive is based on consensus building where the voting members are expected to adopt any candidate that commands acceptance of the majority of the voting members.

However, where such consensus was not achieved, the Council members will resort to outright voting with the highest number of votes deciding who gets the job.

The endorsements, which still needs full WTO approval caps a more than four-month selection process involving intensive lobbying.

Advertisement

However, Deputy U.S. Trade Representative, Dennis Shea, said during a meeting of WTO delegates in Geneva yesterday, that his country would not support a consensus decision to appoint Okonjo-Iweala.

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.

The recommendation of Okonjo-Iweala was made by three WTO ambassadors, the so-called “troika”, after consulting with members in a series of closed-door meetings in Geneva as part of an intricate and opaque process that some have compared to a papal succession.

A WTO official said the organisation would continue to push for a consensus ahead of meeting of its General Council tentatively set for November 7, but a decision should be taken before that date whether by consensus or voting.

Continue Reading
Advertisement
Click to comment
COMMUNITY REPORT22 hours ago

DSCTDA Sustains Cleanup Exercise at Koka Bridge

FEATURED1 day ago

el-Rufai Moved from EFCC to ICPC Detention Facility Over Ongoing Investigations

FEATURED1 day ago

COAS Advocates for Sustainable Veterans’ Welfare Systems Backed by Law

Profiled
FEATURED1 day ago

Alleged $6bn Mambilla Fraud: Agunloye Knew Sunrise Power Owner, Leno Adesanya Before Ministerial Appointment – EFCC Witness

FEATURED1 day ago

Two Arraigned for Alleged N143million Fraud in Benin-City

FEATURED1 day ago

Court Grants EFCC Interim Attachment Order on Nine Mineral-Laden Trucks Impounded in Ilorin

POLITICS1 day ago

Isoko North Chairman Commends Peaceful Conduct of APC Council Ward Congresses

FEATURED1 day ago

Tinubu Signs Order to Eliminate NNPCL’S Deductions, Direct Remittance of Oil Revenues to Federation Account

FEATURED2 days ago

Electoral Act: It’s Not About Politics, It’s About Process – Tinubu

FEATURED2 days ago

NDPC Probes Temu for Alleged Violation of Data Protection Act

BUSINESS2 days ago

How FairMoney is Powering the Next Generation of Nigerian SMEs, By James Edeh

FEATURED2 days ago

Cross-Sector Budget Defense: Sen. Nwoko’s Ensures Active Engagement to Enhance Transparent Resource Allocation

FEATURED2 days ago

NSCDC Apprehends 10 Vandals, Kidnappers in Abuja

COMMUNITY REPORT2 days ago

Isoko South Chairman Hands Over 100 Pieces of Chairs Donated to Enwhe Comprehensive High School

FEATURED3 days ago

Isoko North Boss Hails Oborevwori’s Gender-friendly and Inclusive Approach to Governance

Advertisement
Advertisement

z