PanamaTimes

Thursday, Apr 25, 2024

Nigerian set for WTO nod, but US-China divided on leadership choice

Nigerian set for WTO nod, but US-China divided on leadership choice

The race to lead the World Trade Organization is nearly run, with the Nigerian candidate looking most likely to take the reins of the Geneva body.

The World Trade Organization (WTO) moved a step closer to appointing its next director general on Wednesday, with top officials recommending Nigerian candidate Ngozi Okonjo-Iweala for the job at a meeting in Geneva.

WTO General Council chair David Walker told an informal gathering of the heads of delegations that Okonjo-Iweala is most likely to achieve consensus, having gained the backing of a sizeable majority of WTO members.

However, the United States told the same meeting that it will not back her candidacy, meaning Okonjo-Iweala does not yet have the consensus needed to secure the job.

“One delegation could not support the candidacy of Dr Ngozi and said they would continue to support the South Korean Minister [Yoo Myung-hee], that delegation was the USA,” said WTO spokesman Keith Rockwell.


China also took the floor at the meeting to say that it “supported the process of the troika and that the process had been well-run and they respect the outcome”, Rockwell said, the implication being that China supported Okonjo-Iweala.

In total, 27 delegations took the floor to support the Nigerian‘s candidacy, with only the US differing.

This comes after a formal “confessionals” process conducted by the WTO’s troika – the three ambassadors that head up its core divisions – who spent days gleaning member preferences.

The final decision will now be kicked down the road to a formal meeting of the General Council on November 9, after the US election, with ample time for back channelling in between. If a consensus cannot be agreed on November 9, then the WTO race will go for the first time to a members’ vote.

With the US and China backing different candidates, the possibility of a deadlock remains, with the superpower rivalry simmering underneath the four month election process.

Those familiar with Beijing’s thought process suggest that because of China’s strong trade and investment ties with Africa, as well as the fact that an African leader is more likely to champion a developmental trade agenda, China was likely to back Okonjo-Iweala, even after it emerged during the campaign that she holds a US passport.

“The US should stop behaving as if it were above international organisations like the WTO,” said Victor Gao, a Beijing-based international relations expert and former translator to paramount leader Deng Xiaoping, who added that despite the nationality issue, China was expected to back the Nigerian candidate all along.

The European Union has also thrown its considerable clout behind the African candidate. Japanese government sources briefed local media that it would prefer Okonjo-Iweala over rival candidate Yoo Myung-hee of South Korea, not an unexpected development given the troubled trade relationship between the two East Asian export powerhouses.

The US prefers Yoo, the current South Korean trade minister, who was at the helm as Seoul and Washington signed their renegotiated bilateral free trade agreement last year, and who is extremely well-regarded by the Trump administration and in Washington policy circles.

A source briefed on the US government’s thinking said that Washington preferred Yoo because of her broader trade experience compared with Okonjo-Iweala, who has had a long career in development finance and politics, but no direct experience in trade issues.

“The Nigerian delicate is seen as a seasoned international diplomat but does not have much experience on trade matters or the WTO. So, Washington seems to favour somebody who knows the WTO,” said the source, adding that the US alliance with South Korea is another important factor in its support.

Politico reported on Tuesday that the US State Department directed local embassies to sound out support for Yoo, in a sign that it favoured the Korean candidate.

“Yoo has a good reputation in the United States because of the way that she handled the US-Korea negotiation – she was actually a counterpart of mine and some others at [the US Trade Representative], and we all really liked working with her,” said Clete Willems, a partner at law firm Akin Gump, who helped renegotiate the US-Korea trade deal with Yoo as a counterpart.

Xi Jinping vows to promote Shenzhen as global trade hub during 40th anniversary visit


In South Korea, former trade officials said that the reality was beginning to set in that the race was slipping away from Yoo, who worked her way through the civil service for 25 years to become trade minister, where she has helped tie up series of successful trade deal negotiations.

“She has had an outstanding record as a deal maker in the Korean government and that experience would be quite useful in breaking the deadlock at the WTO. I think we need that sort of deal maker in the WTO,” said Kim Chulsu, former WTO deputy director general, and the first South Korean candidate to run for the body’s top office back in 1995.

Asif Qureshi, a professor in international economic law at the Korea University in Seoul, added that while “the hope is for positive outcome, a touch of realism is creeping in as a consequence of the EU’s stance and declaration for the Nigerian candidate”.

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×