WTO to unveil new leader on Wednesday; Okonjo-Iweala wins EU support

The World Trade Organization will announce its consensus director-general pick on Wednesday, with Nigeria’s Ngozi Okonjo-Iweala picking up momentum after winning European Union support this week. As the final consultation phase ended on Tuesday, the other remaining candidate in the race, Korean Trade Minister Yoo Myung-hee, was reportedly top of mind for the U.S., although the Trump administration continues to keep its cards close to its vest. General Council Chair David Walker, also New Zealand’s ambassador, will announce the consensus...