London (CNN Business) For the first time in its 25-year history, the World Trade Organization will be led by a woman.
The field of candidates vying to become the next director-general of the WTO later this year has been reduced to Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee, the Geneva-based body said in a statement on Thursday.
One of them will replace Roberto Azevedo, who stepped down a year earlier than planned in August after the WTO was caught in the middle of an escalating trade fight between the United States and China
The WTO was established in 1995 with the aim of promoting open trade for the benefit of all. It negotiates and administers rules for international trade and tries to resolve disputes among its 164 members.
Twitter TWTR Okonjo-Iweala is an economist and former finance minister of Nigeria. She spent 25 years at the World Bank, rising to become the organization’s managing director of operations. In 2018, she was named to the board of. She also chairs the board of Gavi , an international organization that aims to bring together the public and private sectors to improve access to vaccines.