Correct option is C
The World Trade Organization (WTO) funds its budget through contributions from its member countries. These contributions are calculated based on the share of each country in international trade. The higher a country's trade volume, the greater its contribution to the WTO budget.
In 2020, the five countries mentioned in the question—United Kingdom, Japan, Germany, China, and the United States—had different contribution percentages to the WTO budget, determined by their trade share:
- United Kingdom: 3.785%
- Japan: 3.925%
- Germany: 7.149%
- China: 10.303%
- United States of America: 11.691%
Thus, the correct sequence is:
(E) United Kingdom → (B) Japan → (C) Germany → (A) China → (D) United States
Information Booster:
- United Kingdom (3.785%) had the lowest contribution among the given countries because its total international trade volume was lower compared to the others.
- Japan (3.925%) contributed slightly more than the UK due to its strong global trade presence, especially in manufacturing and technology exports.
- Germany (7.149%) ranked third, reflecting its large export-oriented economy, particularly in automobiles and industrial goods.
- China (10.303%) was the second-highest contributor due to its dominant position in global trade, manufacturing, and exports.
- United States (11.691%) was the largest contributor to the WTO budget, in line with its status as the world's largest economy and a leading participant in international trade.
These contributions play a vital role in funding the WTO's operations, including trade dispute settlements, policy-making, and assistance programs for developing nations.