World Trade Organization (WTO) members selected Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee to advance to the final round in the race to lead the Geneva-based trade body, Bloomberg is reporting.
By advancing two women to the last stage of the selection process, the WTO may get its first female director-general in its 25-year history
Okonjo-Iweala served two stints as Nigeria’s finance minister and one term as foreign affairs minister. She has experience working at international governance bodies as a former managing director of the World Bank and as a chairman at the Global Alliance for Vaccines and Immunization.
Yoo is South Korea’s trade minister. During her 25-year career in government, she has helped expand her country’s trade network through bilateral accords with China, the U.K. and the U.S.
WTO General Council Chairman David Walker plans to formally announce the results to the institution’s delegates on Thursday morning in Geneva.
The third and final phase of the selection process will begin later this month and run until Nov. 6, after which the WTO will seek to name a consensus winner of the race.