With UK’s Liam Fox eliminated the contest is now between Yoo Myung-hee and Ngozi Okonjo-Iweala

The World Trade Organization is set to be run by a woman for the first time in its 25-year history after it was announced that the final choice to be its new director-general will be between South Korea’s Yoo Myung-hee and Nigeria’s Ngozi Okonjo-Iweala.

Britain’s former international trade secretary, Liam Fox, failed to make the final shortlist as the number of candidates was whittled down from five to two.

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