According to reports reaching Oyogist.com, former Nigerian finance minister, Ngozi Okonjo-Iweala is now the only candidate left to lead the World Trade Organisation, as South Korean Trade Minister Yoo Myung-hee withdrew her bid for the post.
Once appointed, Okonjo would become the first African woman to lead the organization in its 25-year history.
South Korean Trade Minister, Yoo reportedly decided to step down after discussions with the U.S. and other viral countries concerning key issues in the world took a different turn, according to a statement from Korea’s trade ministry on Friday.
“There was no consensus,” Yoo said. “So we needed enough time for in-depth consultations with important members, including the U.S.”
