Geneva DryPort of South LouisianaTelestackCimbriaVan AalstVigan
  • Port of Stockton
  • Van Aalst
  • TMS Awards 2023
  • Geneva Dry
  • Cimbria
  • Vigan

U.S. opposes Okonjo-Iweala as next WTO chief

U.S. opposes Okonjo-Iweala as next WTO chief

(Posted on 02/11/20)

The United States this week signalled its opposition to Nigeria’s Ngozi Okonjo-Iweala to become the next director-general of the World Trade Organization, issuing a statement of support for the other candidate, Korean Trade Minister Yoo Myung-hee.

After weeks of consultations, WTO announced two finalists on Oct. 8 to replace former Director-General Roberto Azevêdo. The three WTO ambassadors (or “troika”) charged with finding a successor declared at an Oct. 28 meeting in Geneva that the former Nigerian finance minister should be the next director-general as she had secured cross-regional backing from WTO-member countries.

“All of the delegations that expressed their views today expressed very strong support for the process, for the troika and for the outcome. Except for one,” WTO spokesman Keith Rockwell told reporters, specifying that the exception was the United States.

During the final selection process, WTO-member countries are asked during confidential consultations to express their choice before a meeting is conducted to make the final selection. The decision traditionally is approved by consensus among the 164 WTO members. The WTO has scheduled a General Council meeting on Nov. 9 to make the decision, less than a week after the U.S. election.

“Minister Yoo is a bona fide trade expert who has distinguished herself during a 25-year career as a successful trade negotiator and trade policymaker,” the Office of the U.S. Trade Representative (USTR) said in an Oct. 28 statement supporting Yoo. “This is a very difficult time for the WTO and international trade. There have been no multilateral tariff negotiations in 25 years, the dispute-settlement system has gotten out of control and too few members fulfill basic transparency obligations. The WTO is badly in need of major reform. It must be led by someone with real, hands-on experience in the field.”

Throughout his presidency, President Trump and U.S. Trade Representative Robert Lighthizer have criticized the WTO’s processes; the administration has blocked the appointment of new judges to the WTO appeals court and has threatened to withdraw from the organization altogether. The NGFA and 61 other U.S. agriculture stakeholders have urged the Trump administration to remain in the WTO, and in a Sept. 23 letter to Lighthizer, the groups emphasized support for efforts to reform WTO rules, noting that “improvement is needed” to hold WTO members accountable and improve the organizations’ governance.

Latest News

Africa’s opportunity to build sustainable logistics networks across mining sector

(Posted on 18/07/24)

Capt. Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL) has said that Africa’s mining sector... Read more


Conditions on Simandou iron ore investment now satisfied

(Posted on 16/07/24)

All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high... Read more


ADM offers segregated, traceable soybean meal to European customers

(Posted on 12/07/24)

ADM, a global leader in innovative solutions from nature, has announced that it is offering fully verified... Read more


Rio Tinto to install carbon free aluminium smelting cells

(Posted on 04/07/24)

Rio Tinto will install carbon free aluminium smelting cells at its Arvida smelter in Québec,... Read more


Moonbound appoints ASL for long-term South African lithium logistics project

(Posted on 28/06/24)

Moonbound Mining Ltd. has appointed Adhira Shipping and Logistics (ASL) as its logistics contractor... Read more


ADM and Bayer collaboration help farmers achieve lower carbon emissions

(Posted on 19/06/24)

 ADM and Bayer have announced an extension of their collaboration, working with farmers in a bid... Read more


US House appropriations bill includes reinstatement of NASS reports

(Posted on 14/06/24)

A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes... Read more


Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter

(Posted on 14/06/24)

Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd... Read more


Richards Bay Minerals’ renewable energy agreement

(Posted on 07/06/24)

Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni... Read more


Trafigura half year result show core business strength

(Posted on 07/06/24)

Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released its 2024 Half... Read more


TMS Awards 2023TBA GroupPort of StocktonBühler GmbHSailors Society
  • Port of South Louisiana
  • TBA Group
  • Sailors Society

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping