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Nigerian Economist Ngozi Okonjo-Iweala Becomes First Black Woman to Head the World Trade Organization

Ngozi Okonjo-Iweala is blazing a historic path in world economics as the first Black woman to lead the World Trade Organization (WTO) — a first after South Korean candidate Yoo Myung-hee dropped out of the race last week, CNN reports. In a televised briefing, Myung-hee explained that her decision to step down was determined after “close consultation” with the U.S., stating that the WTO had been “without a leader for too long.” The organization has been operating without a leader since last August after Roberto Azevêdo stepped down from his position just a year earlier than his term was expected to end. Okonjo-Iweala — an economist of 25 years and former finance minister of Nigeria — has so far received much support from several WTO members, including the European Union, China, Japan and Australia. During the Trump Administration, the U.S. was leaning toward favoring Myung-hee for the position. While there’s been an escalating trade fight between the U.S. and China, Okonjo-Iweala is...

Feb 8, 2021