OVERVIEW OF: US Oppose, Okonjo-Iweala’s Victory, Says She Doesn’t Have World Interest
The US has expressed its disappointment over the appointment of Ngozi Okonjo-Iweala, Nigeria’s candidate for the director-general of the World Trade Organisation (WTO), despite her widely gained support.
Recall earlier today, Naijakit reported that Okonjo-Iweala won the popular vote by a wide margin, with the expectation of an announcement after a WTO meeting in Geneva.
She was reported to have won the support of 104 of all 164 member countries of the WTO, many of which were fro Africa and Europe.
Around 3pm, the heads of delegation of the WTO met, but they didnt reach an agreement.
It was learnt that after the meeting that the delay was caused by the US refusal to support the candidature of Okonjo-Iweala, thereby protracting the process.
Earlier, it was reported by Bloomberg that the US was in support of Yoo Myung-hee, the South Korean candidate..
Despite being an American citizen, sources say the US does not consider Okonjo-Iweala as being committed enough to the interests of the world power at the flagship trade body.
Unlike the World Bank where the US has a larger voting power than other countries, the WTO is run differently, by the consensus of every member country.
“The WTO is run by its member governments. All major decisions are made by the membership as a whole,” the WTO website reads.
“In this respect, the WTO is different from some other international organizations such as the World Bank and International Monetary Fund.
“Where consensus is not possible, the WTO agreement allows for voting — a vote being won with a majority of the votes cast and on the basis of ‘one country, one vote’.”
The general council of the WTO will meet again to attempt a consensus or recourse to the vote.
The general council is the highest decision-making body of the WTO apart from the ministerial conference which meets every two years.