Washington — World Trade Organisation (WTO) members will announce two final candidates — Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee — on Thursday to advance to the final round in the race to lead the Geneva-based trade body, according to people familiar with the matter.

By advancing two women to the final round of the selection process, the WTO will likely have the first female director-general in its 25-year history...

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