- Business Insider Africa presents the top 10 African countries that contributed the most money to the WTO’s 2023 annual budget.
- This list is from the WTO’s annual report.
- South Africa sits far ahead at the top spot in this list.
The World Trade Organization (WTO) is an intergovernmental body responsible for regulating and facilitating international commerce.
It is an organisation that is crucial in regulating global trade and ensuring that it operates fairly and predictably.
Established in 1995, the WTO provides a platform for member countries to negotiate trade agreements, resolve trade disputes, and promote a rules-based international trading system. To carry out its functions effectively, the WTO requires financial resources.