Washington Trade Daily is reporting that South Korea has decided to withdraw its candidate from the World Trade Organisation (WTO) director-general race.

South Korea’s trade minister, Yoo Myung, also doubles as a candidate for the top job at the WTO following the resignation of Roberto Azevedo.

Nigeria’s candidate, Ngozi Iweala, had earlier secured the popular vote of member states but was not named DG because the US opposed her candidacy.

This will be the first time a woman will head the WTO

Following the defeat of Donald Trump in the just-ended presidential elections, it is likely that the US might change its stance.

After the October 28 meeting, the WTO also said Okonjo-Iweala had the best chance of getting a consensus.

Washington Trade Daily quotes sources as saying South Korea has notified the US of its decision and is expected to make it public “in the coming days”.

“Washington refused to accept the recommendation made by the selection panel chaired by General Council Chair Ambassador David Walker that Ms. Okonjo-Iweala is the candidate most likely of the two to attract consensus because she clearly carried the largest support by members in the final round and clearly enjoyed broad support from members from all levels of development and from all geographic regions and has done so throughout the process,” the report read.