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Question

Arrange the following countries in the ascending order of their contribution to the WTO budget 2020:

(A) China

(B) Japan

(C) Germany

(D) United States of America

(E) United Kingdom

Choose the correct answer from the options given below:

The correct answer is

(E), (B), (C), (A) and (D)

Analyzing WTO Budget Contributions (2020)

The World Trade Organization (WTO) budget is funded by contributions from its member states. These contributions are calculated based on a formula that takes into account each member's share in the total trade of WTO members and their national income. The question asks us to arrange the given countries in ascending order of their contribution to the WTO budget in the year 2020.

Determining the Contribution Ranking for 2020

To arrange the countries in ascending order (from smallest contribution to largest), we need to know their respective shares in the WTO budget for 2020. Based on publicly available data for the WTO budget contributions in 2020, the approximate shares for the specified countries were:

  • United States of America (D): Approximately 11.2%
  • China (A): Approximately 10.5%
  • Germany (C): Approximately 8.1%
  • Japan (B): Approximately 7.1%
  • United Kingdom (E): Approximately 5.1%

Please note that these percentages are approximate and the exact figures can vary slightly year by year, but the relative ranking among these major contributors is generally consistent.

Arranging Countries in Ascending Order

Now, let's arrange the countries from the smallest contribution to the largest contribution based on the percentages identified above:

  1. United Kingdom (E): Smallest contribution among the listed countries.
  2. Japan (B): Contribution is greater than the UK, but less than Germany.
  3. Germany (C): Contribution is greater than Japan, but less than China.
  4. China (A): Contribution is greater than Germany, but less than the USA.
  5. United States of America (D): Largest contribution among the listed countries.

Therefore, the ascending order of contribution is (E), (B), (C), (A), and (D).

Final Order

The correct ascending order of contribution to the WTO budget in 2020 for the given countries is:

United Kingdom < Japan < Germany < China < United States of America

Mapping this back to the options using the letters (A) to (E):

(E), (B), (C), (A), (D)

Revision Table: WTO Budget Contributions

Country Code Approx. WTO Budget Share (2020) Rank (Ascending)
United Kingdom (E) ~5.1% 1st (Smallest)
Japan (B) ~7.1% 2nd
Germany (C) ~8.1% 3rd
China (A) ~10.5% 4th
United States of America (D) ~11.2% 5th (Largest)

Additional Information: WTO Membership and Funding

The World Trade Organization (WTO) is an international organization that regulates and facilitates international trade. It was established in 1995 and is based in Geneva, Switzerland. Key aspects include:

  • Membership: The WTO has over 160 members, representing the vast majority of global trade.
  • Functions: It operates a system of trade rules, acts as a forum for trade negotiations, and provides a mechanism for resolving trade disputes between members.
  • Budget Calculation: The WTO's budget is funded through contributions from its members. The calculation of each member's contribution is primarily based on their share of international trade (exports and imports) and their national income relative to other members. Larger economies with significant roles in global trade typically contribute more.
  • Transparency: The WTO Secretariat publishes details regarding its annual budget and member contributions, promoting transparency in its operations.

Understanding how international organizations like the WTO are funded helps in appreciating the roles and responsibilities of member states in their operation and governance.

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Important Questions from World Trade Organisation (WTO)

  1. The Government of India appointed ______ as the country's G20 Sherpa in September 2021.

  2. Which of the following countries/territories is not a member of the WTO?

  3. Sequence the following different settlement stages of the WTO dispute settlement System.

    A. Retaliation

    B. Implementation

    C. Panel Review

    D. Appellate

    E. Consultations

    Choose the correct answer from the options given below:

  4. After 10 years of deadlock, European Union (EU) is ready to negotiate with India in WTO on which issue related to food security?

  5. Identify the principles of trade policy framework from the followings under the WTO:

    (A) Reciprocity and transparent

    (B) Benefactory and resilient

    (C) Non-discriminatory

    (D) Binding and enforceable commitments

    (E) Protective and benevolent

    Choose the correct answer from the options given below:

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