A sign of the World Trade Organization (WTO) is seen at the trade intergovernmental organization headquarters in Geneva on December 10, 2019. (AFP)
S. Korean trade minister abandons bid in WTO race
South Korean trade minister Yoo Myung-hee on Friday abandoned her bid to become head of the World Trade Organization, Seoul said, clearing the way for Nigeria’s Ngozi Okonjo-Iweala to become the first woman and first African director-general.
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Yoo had consulted with the United States - her prime backer - and other major countries and “decided to renounce her candidacy”, South Korea’s trade ministry said in a statement.
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