Bühler GmbHPort of StocktonPort of South LouisianaTBA GroupSailors SocietyTelestack
  • Bühler GmbH
  • Sailors Society
  • Telestack
  • TBA Group
  • Cimbria
  • Port of South Louisiana

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

Pilbara production record as Rio Tinto releases Q2 results

(Posted on 16/07/26)

Rio Tinto has driven performance to achieve 3% YoY CuEq1 growth in the first half of 2026.Chief Executive... Read more


Record iron ore production helps strengthen BHP growth pipeline

(Posted on 16/07/26)

BHP have released its Operational Review for the year ended 30 June 2026.Chief Executive Officer, Brandon... Read more


Stranded sulphur cargoes in Gulf face mounting corrosion risk, warns Brookes Bell

(Posted on 07/07/26)

Bulk carriers carrying elemental sulphur cargoes in the Strait of Hormuz are at significant risk of... Read more


BHP and Faraday Copper sign definitive San Manuel agreement

(Posted on 06/07/26)

Further to BHP’s announcement in February, BHP, through a wholly owned subsidiary, has executed... Read more


Urea price dive hits Australian grain suppliers

(Posted on 03/07/26)

Australia’s Federal Government's fertiliser support package has come under scrutiny as global... Read more


SSAB pauses work at construction site in Luleå

(Posted on 30/06/26)

SSAB has once again paused work at the construction site for its new steel mill in Luleå, Sweden... Read more


Trafigura issues USD500 million senior bond

(Posted on 29/06/26)

Trafigura Group Pte Ltd. has announced the issuance of a USD500 million senior Reg S bond with a five... Read more


NGFA welcomes Senate Farm Bill proposal

(Posted on 29/06/26)

The National Grain and Feed Association (NGFA) in the USA has welcomed the release of Senate Agriculture... Read more


Agreement paves way to deliver 2.7 million tonnes of additional copper production

(Posted on 25/06/26)

Anglo American plc, through its 50.1%-owned subsidiary, Anglo American Sur S.A., and Codelco, have announced... Read more


SSAB and partners launch closed loop steel recycling initiative in US

(Posted on 24/06/26)

SSAB Americas, The Greenbrier Companies and Alter Trading are partnering on a circular economy project... Read more


Van AalstCimbriaViganGeneva Dry
  • Vigan
  • Van Aalst

Subscribe to our newsletter

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