BD contributes 0.16pc of WTO budget

FE Online Report | Published: June 16, 2018 11:38:50 | Updated: June 17, 2018 15:09:37


Bangladesh has contributed meagre 0.16 per cent of the annual budget of the World Trade Organisation (WTO) in the current year, according to the latest annual report of the organisation. 

The monetary value of the contribution is around CHF 0.316 million, or US$ 0.321 million, while the total consolidated budget of the organisation is CHF 197.20 million, or US$200 million.

The WTO generally derives its income from the annual contributions of its 164 members and miscellaneous income.

According to the annual report, these contributions are based on a formula that takes into account each member’s share of international trade.

Bangladesh’s share into the global trade is estimated at 0.21 per cent.

The United States (US) contributed highest 11.38 per cent of the consolidated budget followed by China (9.84 per cent) and Germany (7.13 per cent).

The European Union is not subject to contributions. However, its 28 members contribute individually, which in total represents 33.6 per cent of the total assessed contributions for 2018

Miscellaneous income of the organisation mainly consists of contributions from observer countries, income from the sales of publications and rental of meeting rooms.

 

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