WORLD TRADE  
ORGANIZATION  RESTRICTED 
WT/BFA/W/280 
14 August 2012 
 (12-4448) 
Committee on Budget and Finance  
   
 
     
 
    
 
  
WORLD TRADE ORGANIZATION 
2011 FINANCIAL PERF ORMANCE REPORT WT/BFA/W/280 
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  INTRODUCTION  
 
1. In accordance with Financial Regulation 39 of the World Trade Organization (WTO), I have 
the honour to submit the financial report of the Wo rld Trade Organization for the financial reporting 
period of 1 January 2011 through 31 December 2011.  The report is presented in Swiss Francs (CHF). 
2. This financial report is made of three parts.   The first part provides information on the 
expenditure for all the activities financed by the WTO regular budget.  The second part provides information on the expenditure for all activities fina nced by extra-budgetary resources in trust funds.  
The third part presents the consolidated financial statements of the WTO and includes the opinion of 
the External Auditor. 
3. The World Trade Organization (WTO) deals with th e rules for international trade.  Its main 
function is to ensure that multilateral trading system  remains open, equitable and non-discriminatory.  
The areas of our activity are: 
(a) Implementation and Monitoring of Existing Trade Rules:  various WTO bodies seek 
to ensure that WTO agreements are bei ng properly implemented.  All WTO members 
undergo periodic scrutiny of their trade policies and practices. 
(b) Trade negotiations:  changes to the rules of  trade require the agreement of all WTO 
members, who must reach consensus through negotiations.   
(c) Dispute Settlement:  WTO Members bring dis putes to the WTO if they think their 
rights under trade agreements are bei ng infringed.  Settling disputes is the 
responsibility of the Dispute Settlement Body. 
(d) Building Trade Capacity:  th e WTO aims to help developing countries build their 
trade capacity.  A large number of training activities are organized each year for officials from developing countries.  This is  part of a wider Aid-for-Trade Initiative, 
under which there is also the Enhanced Integrated Framework (EIF) and the Standards and Trade Development Facility (STDF). 
(e) Outreach:  the WTO maintains regular dialogue with non-governmental 
organizations, parliamentaria ns, other international orga nizations, the media and the 
general public on various aspects of the WTO and the on-going Doha negotiations, 
with the aim of enhancing cooperation a nd increasing awareness of WTO activities. 
4. A budget proposal covering the expenses and inco me for the biennium is submitted to the 
Committee on Budget, Finance and Administration.  It comprises the Budget for the first year of that 
biennium, and the provisional Budget for the second year.  The proposal reflects needs based on the 
projected level of activity for the biennium .  The 2011 Budget approved by General Council 
(WT/GC/M/129), on recommendation of the Comm ittee on Budget, Finance and Administration 
(WT/BFA/120), amounted to some CHF 196 million.  WT/BFA/W/280 
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  Figure 1 Budget evolution (MCHF) 
 
 
5. The budget is financed from Member States ' assessed contributions and miscellaneous 
income. 
(a) The share to be contributed by each Member is based on its international trade 
(imports plus exports) in relation to the international trade of  all WTO Members.  
Assessed contributions represent more than 95 per cent of the fund ing of the Budget. 
(b) Miscellaneous income is mainly made of the sale of publications and royalties, 
savings or refunds on previous year's ob ligations and expenses, rental of meeting 
rooms and office space, contributions of Observers and a small overhead fee collected 
on trust funds expenditure. 
6. The amount of outstanding Members' contributions over the past 15 years has remained 
globally stable with a decreasing trend in the last two years.  Members who have one or more than 
one year of outstanding contributions at the end of  the financial year are subject to Administrative 
Measures.  There are four categories of Administrative measures depending on the number of years of outstanding contributions.  Members have the possib ility to enter into a payment plan that suspends 
Administrative Measures.  Ten Members had entered such plans at the end of 2011. WT/BFA/W/280 
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  Figure 2 Outstanding Contributions (MCHF) 
 
 
7. The WTO Budget is divided into 4 parts and 12 sections by type of expenditure.  Part A 
covers personnel related costs, part B covers admini strative costs, part C covers other expenditure and 
part D covers the WTO's contribution to the bud get of the International Trade Centre (ITC). 
Figure 3	WTO 2010/2011 Budget by part 
 
 
8. Personnel -related expenditure re present around 70 per cent of the total expenditure incurred 
by the Secretariat.  The personnel-related cost s include salary, pension and common staff costs 
(including among others untaken annual leave, medical  insurance and benefits for international staff 
such as education grants or home leave) for tho se staff in regular positions and those hired under 
temporary assistance.  Since 2009, provisions for accrued benefits such as home leave, education 
grant, family allowances and untaken annual leave ha ve been gradually accounted for.  The actuarial 
liabilities towards the WTO Pension Plan and for af ter service health insu rance have been assessed 
since 2010 and are disclosed in the notes to the financial statements. 
9.  The International Trade Centre UNCTAD/WTO (ITC) is the joint technical co-operation 
agency of the United Nations (UN) and the World Trade Organization (WTO) for trade related technical assistance (TRTA).  Originally created by the General Agreement on Tariffs and Trade 
(GATT) in 1964, ITC has operated since 1968 under the joint aegis of GATT/WTO and the United Nations, the latter acting through the United Na tions Conference for Trade and Development 
(UNCTAD).  ITC is the focal point for technical assistance and cooperation activities in the trade 
promotion field, within the United Nations system of assistance to developing countries, as affirmed 
by the Economic and Social Council in its  resolution 1819 (LV) of 9 August 1973.  WT/BFA/W/280 
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  10. The WTO obtains some voluntary contributions  for selected programmes that are managed 
through trust funds (CHF 26 million in 2011).  These programmes are essentially geared at supporting 
activities for technical cooperation and training m eant to enable least-developed and developing 
countries to make better use of the WTO and dr aw greater benefit from the multilateral trading 
system. 
Figure 4	Key donors to Trust Funds since 2000 
 
 
11. The core of the WTO trade related activities are channelled through the Doha Development 
Agenda Global Trust Fund (DDAGTF).  The DDAGTF ac tivities are carried out in conformity with 
the Biennial Technical Assistance and Training Plan (The Plan).  The Plan foresees mainly general 
and specialised trade related seminars at regiona l and national level.  Other activities such as 
e-learning and training courses, academic support fo r training and capacity building as well as trainee 
programmes are also conducted.  The DDAGTF also includes some staff expenditure directly or 
indirectly related to the delivery of the technical assistance activities. 
Figure 5 Trust Funds contribution (MCHF) 
 
 
12. At the end of each financial period, a proposal is made to the General Council on the use of 
the financial result.  It includes the budgetary savings  or deficit but also other income and expenditure 
that are not part of the budget (the provision for c ontribution in arrears, the write off and adjustment 
of publication inventories and the mi scellaneous income that was not realised).  The financial result 
can either reduce future Members' contributions, be  transferred to the Working Capital Fund of the 
Organization or be used for any other purpose decide d by the General Council.  In case of a deficit, it 
should be covered to the extent possible, by transf er from the Working Capital Fund.  Any uncovered 
part should be included in the next year's budget. WT/BFA/W/280 
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  Figure 6 Financial and budget surplus/deficit (MCHF) 
 
 
13. Any new Member shall make an advance to th e Working Capital Fund in accordance with the 
scale of contributions applicable to the budget for the year of its accession.  The advance adds to the 
credit of the Members.  The Director General is au thorised to use the Working Capital Fund in case of 
cash constraints but it should be replenishe d in the next possible financial period. 
2011 Overview 
 14. The WTO has 153 members (as of end 2011) accounting for 95 per cent of global trade.  
Accession activity was intense in 2011 with the approval of four new memberships (Montenegro, 
Russian Federation, Samoa and Vanuatu).  The Aid for Trade Third Global Review was held in July. 
The 8th Ministerial Conference was held in Geneva last December.  The concluding statement of the 
Conference acknowledged that negotiations are at an  impasse but ministers remain committed to a 
successful conclusion of the Doha Round.  Despite the difficult financial climate, the amount of 
voluntary contributions provided by WTO donors remain ed stable in terms of the original currency. 
15. The WTO is also in the process of completing its largest real estate expansion and building 
operation.  Its current headquarter building, th e Centre William Rappard (CWR), is being fully 
renovated and a new administrative building hosting 30 0 work stations and an underground parking 
with 200 spaces is being built.  This project that shall be completed by the end of 2012 enables the 
hosting of the entire Secretariat on a single site.  Swiss authorities financed this project through a 
CHF 70 million grant and a CHF 60 million an inter est free loan.  Members have also set aside 
CHF 20 million, from budgetary savings achieved over th e last few years, to finance the installation 
and equipment costs.  At the end of 2011, the build ing project has remained on schedule and within its 
financial envelope. 
16. The Secretariat continued its work to enhan ce the transparency in its financial reporting 
through the gradual implementation of the Internati onal Public Sector Accoun ting Standards (IPSAS).  
The adoption of these independent and internati onally recognised standards will provide Members 
with comparable and consistent financial informat ion.  It shall also improve the management of 
resources and provide greater transparency. IPSAS requires the recording of "new" financial information that reflects all the resources and oblig ations of the Organization. IPSAS will generate a  WT/BFA/W/280 
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  degradation of the 2012 financial situation, mainly  explained by the recording of the pension and 
"after service health insurance"1 long-term liabilities. 
17. Budgetary expenditure amounted to CHF 195.6 million in 2011 for an approved budget of 
CHF 196.0 million.  Budgetary savings amounted to  CHF 351,288.  Through savings achieved in its 
regular operating expenditure, the WTO was able to  complete in 2011 the full recording of provision 
for staff's untaken annual leave which amounts to CHF 9.9 million.  In accordance with its gradual 
implementation strategy to achieve IPSAS complian ce by 2012, all short-term employee benefits such 
as home leave, education grant, separation grant an d family allowances have been fully accounted for 
at the end of 2011. 
18. The 2011 budget was financed by Members' c ontributions amounting to CHF 194 million and 
miscellaneous income amounting to CHF 1.2 million.  The miscellaneous income is lower than the 
CHF 1.7 million initially budgeted.  Collection of Me mbers' contributions has been satisfactory in 
2011 with 93 per cent of the assessed contributions received by the end of the year.  The provision for contribution in arrears has also decreased by 6 per cent and amounts to CHF 15 million. 
19. The 2011 financial result is a net surplus of CHF 739,756.  It is the sum of the 2011 budgetary 
savings of CHF 351,288 and the reduced provision for arrears of CHF 929,923
2, minus the reduction 
in miscellaneous income received by the or ganization (CHF -502,025)and the write-off and 
adjustment of publication inventories (CHF -39,4 30). Write-offs relate to obsolete publications 
inventories. The 2011 amount represents 8 per cent of the total value of the inventory compared to 
26 per cent in 2010.  
 
 
  
  
                                                      
1 "After service health insurance" refers to the health coverage system of retirees. 
2 This provision enables to set money aside in case of a default. As previous contributions in arrears 
have been paid in 2011, the provision has decreased.  WT/BFA/W/280 
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Contents 
I. BUDGET PERFORMANCE ................................................................................................. 11 
A. 2011 Income ................................................................................................................ ............. 11 
B.	 2011 Consolidated WTO Budget Performance ........................................................................ 12 	
C.	 2011 WTO Secretariat Budget Performance ............................................................................ 13 	
D.	 2011 Appellate Body and its Secr etariat budget performance .................................................. 21 
 
II.	 TRUST FUNDS PERFORMANCE ...................................................................................... 24 	
A.	 Doha Development Agenda  Global Trust Fund ....................................................................... 24 	
B.	 Internship Programme for Selected Memb ers' Missions in Geneva (TIMM1) ......................... 29 	
C.	 Netherlands Trainee Pr ogramme (TNL05) ............................................................................... 30 	
D.	 Trade Facilitation Trust fund – Window I – Pa rticipation of Capital-based Officials in 
the Negotiating Group Meetings (TTFNG) .............................................................................. 31 	
E.	 Trade Facilitation National Needs A ssessments Trust fund (TTFNA) ..................................... 32 	
F.	 Ministerial Conference – Participation of Least-developed countries 
 (TMI6 and TMI7) .............................................................................................................. ...... 33	
G.	 Standards and Trade Development Facility (TWB01) ............................................................. 33 	
H.	 Enhanced Integrated Framework Executive Secretariat (TIFES) ............................................. 35 	
I.	 Independent Entity – Pre-Shipment Inspection – Deposits (T0013) ........................................ 36 	
J.	 Programme Support Fund (EPSF1) .......................................................................................... 36 
 
III.	FINANCIAL STATEMENTS ................................................................................................ 38 	
A.	 Management letter of representation......................................................................................... 38 	
B.	 Opinion of the external auditor ............................................................................................... .. 39	
C.	 Financial statements .......................................................................................................... ........ 40	
D.	 Notes to the financial statements ............................................................................................. . 45	
1.	 Note 1 2011 Progress status on the IPSAS and building projects ............................................. 45
	
2.	 Note 2 Accounting policies .................................................................................................... ... 46	
3.	 Note 3 Cash and cash equivalents ............................................................................................. 49	
4.	 Note 4 Receivables from Members, Observers and Donors ..................................................... 49 	
5.	 Note 5 Inventories ............................................................................................................ ......... 50	
6.	 Note 6 Other receivables ...................................................................................................... ..... 51	
7.	 Note 7 Prepayments ............................................................................................................ ...... 51	
8.	 Note 8 Building project ....................................................................................................... ...... 51	
9.	 Note 9 Payables ............................................................................................................... ......... 52	
10.	 Note 10 Contributions paid in adva nce by Members and Observers ........................................ 52 	
11.	 Note 11 Provision for obligations  outstanding as at year-end .................................................. 52 	
12.	 Note 12 Employ ee benefits ..................................................................................................... .. 52	
13.	 Note 13 Trust funds balance due to donors/defe rred revenue ................................................... 54 	
14.	 Note 14 Working Capital Fund ................................................................................................. 55	
15.	 Note 15 Reserves .............................................................................................................. ........ 56	
16.	 Note 16 Accumulated surplus ...................................................................................................  57	
17.	 Note 17 Contributions assessed on Members ........................................................................... 57 	
18.	 Note 18 Contributions of Observers ......................................................................................... 57 	
19.	 Note 19 Voluntary contributions .............................................................................................. 58	
20.	 Note 20 Revenue from publications ......................................................................................... 58 	
21.	 Note 21 Savings on prior year's outstanding obligations .......................................................... 58 	
22.	 Note 22 Refund of prior year's expenditure .............................................................................. 58 	
23.	 Note 23 Other revenue ......................................................................................................... ..... 58	
24.	 Note 24 Budgetary and trust funds expenditure ........................................................................ 58 	
25.	 Note 25 Foreign currency exchange ......................................................................................... 59 	
26.	 Note 26 Property, plant and equipment .................................................................................... 59 	
27.	 Note 27 International Trade Centre .......................................................................................... 5 9 
  WT/BFA/W/280 
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  E.	 Schedules ..................................................................................................................... ............. 61 	
1.	 Schedule A 2011 Early Payment Encouragement Scheme ....................................................... 61 	
2.	 Schedule B Statement of outstanding contri butions as 31 December 2011 – Members ........... 62 	
3.	 Schedule C Statement of outstanding contribut ions as 31 December 2011 - Observers .......... 65 	
4.	 Schedule D Trust funds statements ........................................................................................... 6 6	
5.	 Schedule E Voluntary contributions received in  2011 and 2010 per donor  and by fund ......... 68 	
6.	 Schedule F Balance due to donors as 31 December 2011 and 2010 ......................................... 69 	
7.	 Schedule G Interest earne d in 2011 and 2010 ........................................................................... 70 	
8.	 Schedule H World Trade Organization - Program Support Fund ............................................. 71 	
 
Figures 
Figure 1    Budget evolution (MCHF) ........................................................................................... ........... 3	
Figure 2    Outstanding Contributions (MCHF) .................................................................................. ..... 4	
Figure 3    WTO 2010/2011 Budget by part ...................................................................................... ...... 4	
Figure 4    Key donors to Trust Funds since 2000 .............................................................................. ..... 5	
Figure 5    Trust Funds contribution (MCHF) ................................................................................... ...... 5	
Figure 6    Financial and b udget surplus/deficit (MCHF) ....................................................................... . 6	
Figure 7    2011 Personnel costs (kCHF) ....................................................................................... ........ 14	
Figure 8    Comparison Budget/Expenditu re for regular staff (kCHF) .................................................. 14 	
Figure 9    Temporary Assistance Expenditure .................................................................................. .... 15	
Figure 10  Comparison Budget/Expenditure  for temporary staff (kCHF) ............................................. 16 	
Figure 11  Comparison Budget/Expenditure for administrative costs (kCHF) ...................................... 17 	
Figure 12  Comparison Budget/Expenditu re for other costs (kCHF) .................................................... 18 	
Figure 13  Comparison Budget/Expenditure for Trade Policy Courses (kCHF) ................................... 18 	
Figure 14  Comparison Budget/Expenditure  for various costs (kCHF) ................................................. 19 	
Figure 15  MOF Expenditure .................................................................................................... ............. 20 	
Figure 16  ABOF Expenditure (%) ............................................................................................... ......... 23	
Figure 17  Allocation of DDAGTF resources 2011 ............................................................................... 24	
 
Tables 
Table 1.   WTO Income (CHF) ................................................................................................... ........... 11 	
Table 2.   Miscellaneous Income (CHF) ......................................................................................... ....... 11	
Table 3.   2011 Consolidated WTO Budget Performance ..................................................................... 12 	
Table 4.   Consolidated Expenditure (CHF) ..................................................................................... ..... 13	
Table 5.   2011 WTO Secretariat Budget Performance ......................................................................... 13 	
Table 6.   Proposed Transfers betwee n sections of the 2011 WTO Budget ........................................... 21 	
Table 7.   Appellate Body and its  Secretariat Budget Performance ....................................................... 22 	
Table 8.   Proposed Transfers between sections of the 2011 Appellate Body  
and its Secretariat Budget ....................................................................................................  23	
Table 9.   Doha Development Ag enda Global Trust Fund (DDAGTF) ................................................. 29 	
Table 10. Mission Internships Programme (TIMM1) ............................................................................ 30 	
Table 11. Netherlands Trainee Programme (TNL05) ............................................................................ 31 	
Table 12. Trade Facilitation – participation of capital-based officials in the Negotiating Group  
 Meetings (TTFNG) ............................................................................................................. . 32	
Table 13. Trade Facilitation National Need s Assessments Trust funds (TTFNA) ................................ 33 	
Table 14. Ministerial Conference – Participation of Least-Developed Countries (TMI6 and TMI7) ... 33 	
Table 15. Standards and Trade Development Facility (TWB01)........................................................... 35 	
Table 16. Enhanced Integrated Framew ork Executive Secretariat (TIFES) .......................................... 36 	
Table 17. Independent Entity – Pre-Sh ipment Inspection – Deposits (T0013) ..................................... 36 	
Table 18. Programme Support Fund (EPSF1) ...................................................................................... . 37	
Table 19. Statement of Budgetary Expenditure  for the WTO Secretariat (2011 in CHF) ..................... 40 	
Table 20. Statement of Budgetary Expenditure for the Appellate Body and its Secretariat  
 (2011 in CHF) ................................................................................................................ ...... 40 
Table 21. Statement of Financial Position ..................................................................................... ........ 41	
Table 22. Statement of Financial Performance .................................................................................. .... 42	WT/BFA/W/280 
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  Table 23. Statement of Changes in Net Assets/Equity .......................................................................... 43	
Table 24. Cash Flow Stat ement (indirect method)................................................................................ . 44	
Table 25. Building Project .................................................................................................... ................. 45 	
Table 26. Level of Provisions on Outstanding Contributions ................................................................ 47 	
Table 27. Cash  Situation ...................................................................................................... .................. 49 	
Table 28. Provision for Arrears from Members and Observers ............................................................. 50 	
Table 29. Inventories ......................................................................................................... .................... 50 	
Table 30. Other Receivables ................................................................................................... ............... 51 	
Table 31. Building Project .................................................................................................... ................. 51 	
Table 32. Payables ............................................................................................................ ..................... 52 	
Table 33. Contributions paid in A dvance by Members and Observers ................................................. 52 	
Table 34. Employee benefits ................................................................................................... ............... 53 	
Table 36. Actuarial Assumptions ............................................................................................... ............ 54 	
Table 37. Balance Due to Donors ............................................................................................... ........... 54 	
Table 38. Working Capital Fund Statement ...................................................................................... ..... 55	
Table 39. Reserves ............................................................................................................ ..................... 56 	
Table 40. Surplus Account ..................................................................................................... ................ 57 	
Table 41. Other Revenue ....................................................................................................... ................ 58 	
Table 42. Fixed asset s (Gross value) .......................................................................................... ........... 59 	
Table 43. Source of financing ................................................................................................. ............... 59 	
Table 44. Interest to be distributed to Members in 2013 .......................................................................  61	
Table 45. Outstanding Contributions as 31 December 2011 - Members ............................................... 62 	
Table 46. Outstanding Contributions as 31 December 2011 - Observers .............................................. 65 	
Table 47. Statement of Financ ial Position – Trust Funds ...................................................................... 66	
Table 48. Statement of Financia l Performance - Trust Funds ............................................................... 67 	
Table 49. WTO Trust Funds - Voluntary Contributions Received in 2011 and 2010  
 per donor and by fund ........................................................................................................ .. 68	
Table 50. WTO Trust Funds - Balance due to Donors as 31 December 2011 and 2010 ....................... 69 	
Table 51. WTO Trust Funds - Inter est Earned in 2011 and 2010 .......................................................... 70 	
Table 52. WTO Program Support Fund ............................................................................................ ..... 71	
Table 53. WTO Program Support Fund Ac tual Expenditure and Overheads ........................................ 71 	
Table 54. Overheads shared with other organizations ...........................................................................
 72	WT/BFA/W/280 
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  I. BUDGET PERFORMANCE 
A. 2011 Income 
Table 1. WTO Income (CHF) 
 Budget  Actual Balance 
Contributions 194,300,000 194,300,000 0
Miscellaneous income 1,703,900 1,201,875 502,025
Grand Total 196,003,900 195,501,875 502,025
 
1. The total income of the WTO, excluding trust funds, amounted to CHF 195.5 million in 2011.  
It is CHF 0.5 million below the budgeted amount du e to a lower level of miscellaneous income. 
Table 2. Miscellaneous Income (CHF) 
 Budget Actual Balance 
Sale of Publications & Royalties 300,000 308,341 8,341
Savings on previous year's outstanding obligations 143,000 353,123 210,123
Refund of prior year's expenditure 0 246,253 246,253
Rental of meeting rooms & office space 140,000 131,525 (8,475)
Contributions of Observers Countries 850,000 903,495 53,495
Trust funds Contributions 230,000 214,935 (15,065)
Gains/losses on foreign exchange transactions  0 (515,007) (502,025)
Other 40,900 (440,790) (481,690)
Total 1,703,900 1,201,875 502,025
 
2. Miscellaneous income amounted to CHF 1,201,8 75 in 2011.  The higher level of savings on 
previous year's obligations and the refund of prior year's expenditure has balanced the over spending 
under the line "Other" and the exchange loss on foreign transactions.  Refund of prior year's 
expenditure is mainly explained by the reimburse ment of previous year's medical claim by the 
insurance company.  The loss on foreign currency tr ansactions comes mainly from the depreciation of 
the US dollar compared to the Swiss franc, and ther efore the depreciation of the receivables related to 
US tax reimbursement connected with Staff filing tax es in the USA.  Lastly, the partial offsetting of 
the arrears of the 10 Members having signed paymen t plans has led to the recording of a negative 
revenue of CHF 609,999 under the item "Other". WT/BFA/W/280 
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  B. 2011 Consolidated WTO Budget Performance 
Table 3. 2011 Consolidated WTO Budget Performance 
Part Section Item Budget 
(CHF) Expenditure 
(CHF)  Balance 
(CHF) 
A Sect  1 Work Years (a) Salary 89,084,300 84,581,317 4,502,983
    (b) Pension 18,770,100 18,228,101 541,999
    (c) Common Staff Co sts 18,456,200 23,301,667 (4,845,467)
  Sect  2 Temporary Assistan ce   15,992,700 20,913,839 (4,921,139)
B Sect  3 Communications (a) Te lecommunications 506,500 491,191 15,309
    (b) Postal Charges 1,280,000 985,188 294,812
  Sect  4 Building Facilities (a) Rental 625,000 662,589 (37,589)
    (b) Utilities 1,929,000 2,251,555 (322,555)
    (c) Maintenance and Insurance 1,312,000 1,311,508 492
  Sect  5 Permanent Equipment (a) Pe rmanent Equipment 1,025,000 1,252,629 (227,629)
    (b) Permanent Equipment Lease 64,000 31,698 32,302
  Sect  6 Expendable S upplies   1,281,000 942,323 338,677
  Sect  7 Contractual Services. (a) Reproduction 1,620,600 1,036,557 584,043
    (b) Office Automa tion 3,365,000 3,424,634 (59,634)
    (c) Other 238,000 265,422 (27,422)
    (d) Security Outsourcing 4,013,000 4,006,629 6,371
C Sect  8 Staff Overheads (a) Training 1,525,000 994,004 530,996
    (b) Insurance 3,011,000 2,672,945 338,055
    (c) Joint Serv ices 255,000 246,733 8,267
    (d) Miscellaneous 36,000 93,730 (57,730)
  Sect  9 Missions (a) Missions  Official 1,533,000 1,441,357 91,643
    (b) Missions Tec hnical 1,406,000 1,344,462 61,538
  Sect 10 Trade Policy Cour ses   3,315,000 1,908,279 1,406,721
  Sect 11 Various (a) Representa tion and Hospitality 299,000 297,478 1,522
    (b) Dispute Settlement Panels 987,000 688,666 298,334
    (c) Experts 50,000 0 50,000
    (d) Appellate Body Members 793,500 803,616 (10,116)
    (e) Library 700,000 611,452 88,548
    (f) Publications 803,000 731,836 71,164
    (g) Public Informati on Activities 380,000 171,855 208,145
    (h) External Auditors 50,000 51,635 (1,635)
    (i) Ministerial Operat ing Fund 600,000 1,206,626 (606,626)
    (j) ISO 57,000 52,929 4,071
    (k) Other 130,000 99,857 30,143
    (l) Appellate Body Op erating Fund 1,600,000 1,600,000 0
D Sect 13 ITC   18,911,000 16,948,304 1,962,696
 Grand Total   196,003,900 195,652,612 351,288
 
3. Consolidated budgetary expenditure comprises the expenditure for a) the WTO Secretariat 
and b) the Appellate Body and its Secretariat. 
  WT/BFA/W/280 
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  Table 4. Consolidated Expenditure (CHF) 
 Budget Actual Balance 
WTO Secretariat 190,381,300 189,474,468 906,832 
Appellate Body and its Secretariat 5,622,600 6,178,143 (555,543) 
Grand Total 196,003,900 195,652,612 * 351,288 * 
*(rounding) 
 
C. 2011 WTO Secretariat budget performance 
Table 5. 2011 WTO Secreta riat Budget Performance 
Part Section Item Budget 
(CHF) Expenditure 
(CHF) Balance 
(CHF) 
A Sect  1 Work Years (a) Salary 86,975,300 82,500,623 4,474,677
    (b) Pension 18,326,100 17,784,760 541,341
    (c) Common Staff Co sts 18,027,200 22,396,930 (4,369,730)
  Sect  2 Temporary Assistan ce   15,927,100 20,688,976 (4,761,876)
B Sect  3 Communications (a) Te lecommunications 500,000 491,602 8,398
    (b) Postal Charges 1,280,000 985,188 294,812
  Sect  4 Building Facilities (a) Rental 625,000 662,589 (37,589)
    (b) Utilities 1,916,000 2,251,555 (335,555)
    (c) Maintenance and In surance 1,307,000 1,311,508 (4,508)
  Sect  5 Permanent Equipment (a)Per manent Equipment 1,000,000 1,183,920 (183,920)
    (b)Permanent Equipment Lease 64,000 31,698 32,302
  Sect  6 Expendable S upplies   1,261,000 941,593 319,407
  Sect  7 Contractual Services (a) Reproduction 1,605,600 1,036,557 569,043
    (b) Office Automa tion 3,355,000 3,424,634 (69,634)
    (c)Other 238,000 265,422 (27,422)
    (d) Security Outsourcing 4,013,000 3,998,813 14,187
C Sect  8 Staff Overheads (a) Training 1,500,000 984,504 515,496
    (b) Insurance 2,999,000 2,662,825 336,175
    (c) Joint Serv ices 255,000 246,733 8,267
    (d) Miscellaneous 34,000 93,526 (59,526)
  Sect  9 Missions (a) Missions  Official 1,496,000 1,440,675 55,325
    (b) Missions Tec hnical 1,406,000 1,344,462 61,538
  Sect 10 Trade Policy Cour ses   3,315,000 1,908,279 1,406,721
  Sect 11 Various (a) Representa tion and Hospitality 298,000 295,266 2,734
    (b) Dispute Settlement Panels 987,000 688,666 298,334
    (c) Experts 50,000 0 50,000
    (e) Library 690,000 607,573 82,427
    (f) Publications 803,000 715,085 87,915
    (g) Public Informati on Activities 380,000 171,155 208,845
    (h) External Auditors 50,000 51,635 (1,635)
    (i) Ministerial Operat ing Fund 600,000 1,206,626 (606,626)
    (j) ISO 57,000 52,929 4,071
    (k) Other 130,000 99,857 30,143
D Sect 13 ITC   18,911,000 16,948,304 1,962,696
 Grand Total  190,381,300 189,474,468 906,832
 WT/BFA/W/280 
Page 14  
 
  1. Part A Personnel related costs 
4. Personnel related costs include salary, pension and common staff costs for staff in regular 
position and those hired under temporary assistance. 
Figure 7 2011 Personnel costs (kCHF) 
 
 
Figure 8 Comparison Budget/Expenditure for regular staff (kCHF) 
 
 
5. A budgetary saving of CHF 646,288 was achieve d for regular staff expenditure, under 
section 1 of the budget, in 2011.  This total saving is a combination of under spending for salaries and 
pensions and over spending for common staff cost s.  The under spending for salaries (CHF 4,474,677) 
is mainly explained by a change of method in the recording of temporary staff recruited to fill vacant 
regular staff positions.  From the 1st January 2011, the WTO records expenditure related to temporary 
staff hired to fill vacant positions under the Tempor ary Assistance, in the section 2 of the budget.  
This expenditure was previously recorded in the section 1 of the budget.  This change of accounting 
method reflects better the nature of the expenditu re corresponding to temporary contracts. The under 
spending under regular staff salary is offsetti ng the over spending under temporary assistance.  WT/BFA/W/280 
 Page 15 
 
 
  6. Common staff costs include the following elements :  health insurance,  family allowances, 
education grants, home leave, installation grant, la nguage allowances, non-resident allowance, rental 
subsidy, travel and removal, repatriation grant,  untaken annual leave and termination indemnity.  
Common staff costs included an amount of CHF 5,871,780 to complete the full recording of the provision for untaken annual leave at the end of 2011.  This provision included at the end of 2010 
only untaken annual leave for regular staff with an ac cumulated balance above 20 days.  At the end of 
2011, all short-term employee benef its (untaken annual leave, home leave, education grant, family 
allowances and separation benefits) are recorded, in conformity with the gradual approach chosen to 
implement the International Public Sect or Accounting Standards (IPSAS) by 2012. 
7. Temporary assistance is mainly used to hire  interpreters and translators, informatics 
consultants and other ge neral support personnel. 
Figure 9 Temporary Assistance Expenditure   
 
 
8. The overspending of CHF 4.8 million for temporar y assistance is essentially explained by the 
change of method in the recording of temporary st aff recruited to fill vacant regular staff positions 
(see paragraph 5 above).  As common staff costs are proportionate to the salary elements, the initial appropriation was also over reached. WT/BFA/W/280 
Page 16  
 
  Figure 10 Comparison Budget/Expe nditure for temporary staff (kCHF) 
 
 
9. Costs related to interpreters and translators, in  the language category, as well as to consultants 
were kept below budget.  The informatics costs co mprised of short-term consultants hired by the 
WTO (85 per cent) and consulting firms (15 per cen t).  The improvement of the Regional Trade 
Agreements information system, the implementati on of the paperless initiative and the digitalisation 
of the dispute settlement registry are examples of  IT projects that were handled in 2011.  The 2011 
overspending of CHF 272,156 for informatics cost has to be analysed in regards to the 2010 under 
spending of CHF 296,119 explained by  deferral of IT project implementation.  Other temporary staff 
costs include internships, replacements and overt ime.  In 2011, WTO hired more interns than 
budgeted by spending an  additional CHF 112,908. 
2. Part B Administrative costs 
10. Administrative costs include expenses related to communications, main tenance and insurance 
of the building, permanent equipment and suppli es.  They include also contractual services for 
reproduction, maintenance of IT a pplications, purchase of software and security outsourcing services.  
In 2011, the administrative costs amounted to CHF 16,585,080, leading to a net budgetary saving of 
CHF 579,520.  WT/BFA/W/280 
 Page 17 
 
 
  Figure 11 Comparison Budget/Expenditu re for administrative costs (kCHF) 
 
 
11. The net budgetary saving of CHF 303,210 for communications is explained by the 
underspending for postal charges.  These costs have  been decreasing for many years (-6 per cent 
compared to 2010) due to a preferential use of electronic means for distribution of documents.  The 
overspending on building facilities of CHF 377,653 is mainly explained by unexpected landlord 
charges regarding previous years for the Chemin d es Mines facilities (CDM).  The furnishing of the 
new conference centre explained the overspending  of CHF 151,618 for permanent equipment.  
Savings of CHF 319,407 were obtained for the purchase of computer, building, reproduction and 
other supplies.  Lastly, 84 per cent of the CH F 486,174 saving on contractual services relate to 
reproduction services.  The report of the use of the numerical technology till 2012 as well as the 
renewal of the rental contract of the offset equipmen t at a negotiated price explains this saving.  This 
saving has been partially offset by IT maintena nce, insurance and licence costs that were above 
budget by CHF 69,634. 
3. Part C Other costs 
12. Other costs, such as staff overhead, missions, trade policy training courses, dispute settlement 
panels, library, publications, ministerial opera ting funds and other amount to CHF 12,569,796.  
Compared to the budget amount, it re presents a CHF 2,480,204 saving. WT/BFA/W/280 
Page 18  
 
  Figure 12 Comparison Budget/Exp enditure for Other costs (kCHF) 
 
 
13. Staff overheads relate to training, insurance and costs related to shared common services.  
The net budgetary savings of CHF 800,412 is main ly explained by CHF 515,496 saving from training 
and CHF 336,175 from insurance.  The adoption in 2011 of a real cost based method for the calculation of the insurance premiums for injury and illness is the main reason of this saving. 
14. An overall saving of CHF 116,864 has been achieved on Missions.  Lower numbers of travel, 
competitive air fares and the strong value of the Swi ss Franc have reduced the cost of travel for the 
Secretariat. 
15. Savings of CHF 1,406,721 we re achieved on Trade Policy Courses largely through a 
combination of fewer courses taking place and at a lo wer cost per course than originally planned.  
There was one dispute settlement course (versus 3 planned), one introductory course for LDC (versus 
2 planned), 4 special thematic courses (versus 7 planned).  Regarding Trade Policy Training Courses, 
the two advanced trade policy courses originally planned took place but only for 78 per cent of the 
budgeted amount. 
16. The decrease in the number of training courses organized in 2011 was essentially due to a 
lack of training facilities available to the Secretariat. In fact, given the renovation of the CWR that 
was underway, only a temporary training room set up at CDM was available with a seating capacity 
of 24/25 participants instead of the standard 28/30. Other factors such as the introduction of the 
Progressive Learning Strategy (PLS), an increase in the number of trainees trained through e-learning rather than regular courses, compe titive air fares, and the strong valu e of the Swiss Franc contributed 
to the savings.  WT/BFA/W/280 
 Page 19 
 
 
  Figure 13 Comparison Budget/Expendi ture for Trade Policy Courses (kCHF) 
 
 
17. Section 11 of the budget is composed of various  types of expenditure.  The main variances 
between the actual and budgeted expenditures are in the area of Dispute Settlement Panels and the 
Ministerial Conference.  A saving of almost CHF 300,000 has been achieved on Panels.  Expenditure 
on Panels are more difficult to predict as it is influenced by the number of panels taking place, the 
travel costs to bring panellists to Geneva a nd if they are eligible or not for a fee. 
Figure 14 Comparison Budget/Expe nditure for various costs (kCHF) 
 
 
18. The cost of the 8th Ministerial Conference that was held in Geneva from the 15th to 17th 
December amounted to CHF 1,853,732.  It represents a 5.4 per cent increase, compared to the cost of WT/BFA/W/280 
Page 20  
 
  the 7
th Ministerial Conference held also in Geneva in 2009 (CHF 1,758,433).  The additional costs 
were mainly incurred to rent meeting rooms at th e Centre International de Conférence de Genève 
(CICG), as the construction works were proceed ing in Centre William Rappard making numerous 
meeting rooms in it unavailable for use. 
19. A total amount CHF 1,247,106 was set aside on the budget of 2010 and 2011 to cover the cost 
of the Conference.  These funds were placed in the Ministerial Operating Fund.  The objective of this 
Fund is to reduce the burden of costs associated w ith a Ministerial Conference by spreading its costs 
over several years with an annual appropriation.  An additional amount of CHF 606,626 had to be 
allocated to the Fund in 2011 to cove r the total cost of the Conference. 
Figure 15 MOF Expenditure 
 
 
4. Part D ITC 
20. The WTO contribution to the budget of the International Trade Centre (ITC) was lower than 
budgeted in order to reflect the lower amount of the United Nations contribution to the ITC.  It meant 
an annual contribution of CHF 16,948,304 and a net saving of CHF 1,962,696. 
5. Proposed transfers between budgetary sections 
21. In accordance with Financial Regulation 24 and Financial Rule 4.4, transfers between WTO 
budgetary sections are necessary in order to cove r excess expenditure over approved appropriations 
by savings.  Authority is sought to increase these appropriations accordingly, as follows:  WT/BFA/W/280 
 Page 21 
 
 
  Table 6. Proposed Transfers between  Sections of the 2011 WTO Budget 
Part Section Budget Expenditure Balance Proposed 
Transfers Revised 
Appropriation Balance 
A Sect 1 Work Years 123,328,600 122,682,312 646,288 (646,288 122,682,312 0
 Sect 2 Temporary Assistance 15,927,100 20,688,976 (4,761,876) 4,761,876 20,688,976 0
B Sect 3 Communications 1,780,000 1,476,790 303,210 (303,210) 1,476,790 0
 Sect 4 Building Facilities 3,848,00 0 4,225,653 (377,653) 377, 653 4,225,653 0
 Sect 5 Permanent Equipment 1,064,000 1,215,618 (151,618) 151,618 1,215,618 0
 Sect 6 Expendable Supplies 1,261,000 941,593 319,407 (319,407) 941,593 0
 Sect 7 Contractual Services 9,211,600 8,725,426 486,174 (486,174) 8,725,426 0
C Sect 8 Staff Overheads 4,788,000 3,987,588 800,412 0 4,788,000 800,412
 Sect 9 Missions 2,902,000 2,785,136 116,864 (10,444) 2,891,556 106,420
 Sect 10 TPTC 3,315,000 1,908,279 1,406,721 (1,406,721) 1,908,279 0
 Sect 11 Various 4,045,000 3,888,793 156,207 (156,207) 3,888,793 0
D Sect 13 ITC 18,911,000 16,948,304 1,962,696 (1,962,696) 16,948,304 0
Grand Total 190,381,300 189,474,468 906,832 0 190,381,300 906,832
 
D. 2011 Appellate Body and its Secretariat budget performance 
22. The budget for the Appellate Body and its Secret ariat is distinct from the budget of the WTO 
Secretariat.  Expenditure incurred by the Appella te Body and its Secretariat are divided into 
permanent and variable costs linked to the number of disputes handled by the Appellate Body.  
Permanent costs of the Appellate Body and its Secretariat are financed through an annual budget 
allocation in accordance with the WTO Financial Rul es and Regulations.  The Appellate Body and its 
Secretariat budget follows the same structure as the one used for the WTO Secretariat.  WT/BFA/W/280 
Page 22  
 
  Table 7. Appellate Body and it s Secretariat Budget Performance 
Part Section Item Budget Expenditure Balance 
A Sect 1 Work Years (a) Salary 2,109,000 2,080,693 28,307
  (b) Pension 444,000 443,341 659
  (c) Common Staff Co sts 429,000 904,737 (475,737)
 Sect 2 Temporary Assistance  65,600 224,863 (159,263)
B Sect 3 Communications (a) Te lecommunications 6,500 (411) 6,911
  (b) Postal Charges 0 0 0
 Sect 4 Building Facilitie s (b) Utilities 13,000 0 13,000
  (c) Maintenance a nd Insurance 5,000 0 5,000
 Sect 5 Permanent Equipment  25,000 68,709 (43,709)
 Sect 6 Expendable Supplies  20,000 730 19,270
 Sect 7 Contractual Services (a) Reproduction 15,000 0 15,000
  (b) Office Automation 10,000 0 10,000
  (d) Security Outsourcing 0 7,816 (7,816)
C Sect 8 Staff Overheads (a) Training 25,000 9,500 15,500
  (b) Insurance 12,000 10,120 1,880
  (d) Miscellaneous 2,000 203 1,797
 Sect 9 Missions (a) Missi ons Official 37,000 683 36,317
 Sect 11 Various (a) Representati on and Hospitality 1,000 2,212 (1,212)
  (d) Appellate Body Members 793,500 803,616 (10,116)
  (e) Library 10,000 3,879 6,121
  (f) Publications 16,751 (16,751)
  (g) Public Information Activities 0 700 (700)
  (l) Appellate Body Operating Fund 1,600,000 1,600,000 0
Grand Total  5,622,600 6,178,143 (555,543)
 
23. Expenditure amounted to CHF 6,178,143, includi ng CHF 3,428,772 related to Secretariat 
staff; CHF 1,600,000 for the replenishment of the ABOF and CHF 803,616 for Appellate Body 
Members retainer fees record ed as permanent costs.  The approved budget amounted to 
CHF 5,622,600, leading to a deficit of CHF 555,543.  This deficit is explained by a number of factors, 
including a very high workload of appeals that h as led to higher amount of temporary assistance, and 
Common Staff Costs relating to contract termination expenditure.   
24. Variable costs, mainly daily fees and travel co sts, are financed through the Appellate Body 
Operating Fund (ABOF).  The ABOF is funded thr ough the budget of the Appellate Body and its 
Secretariat.  In 2011, ABOF expenditure amounted to CHF 2,233,738.  WT/BFA/W/280 
 Page 23 
 
 
  Figure 16 ABOF Expenditure (%) 
 
 
25. In accordance with Financial Regulation 24 and Financial Rule 4.4, transfers between WTO 
budgetary sections are necessary in order to cove r excess expenditure over approved appropriations 
by savings.  Authority is sought to increase these appropriations accordingly, as follows: 
Table 8. Proposed Transfers betwee n Sections of the 2011 Appellate Body and its Secretariat Budget 
Part Section Budget Expenditure Balance Proposed 
Transfers Revised 
Appropriation Balance 
A Sect 1 Work Years 2,982,000 3,428,772 (446,772) 0 2,982,000 (446,772)
 Sect 2 Temporary Assistance 65,600 224,863 (159,263) 50,492 116,092 (108,771)
B Sect 3 Communications 6,500 (411) 6,911 (6,911) (411) 0
 Sect 4 Building Facilities 18,000 0 18,000 (18,000) 0 0
 Sect 5 Permanent Equipment 25,000 68,709 (43,709) 43,709 68,709 0
 Sect 6 Expendable Supplies 20,000 730 19,270 (19,270) 730 0
 Sect 7 Contractual Services 25,000 7,816 17,184 (17,184) 7,816 0
C Sect 8 Staff Overheads 39,000 19,823 19,177 (19,177) 19,823 0
 Sect 9 Missions 37,000 683 36,317 (36,317) 683 0
 Sect 11 Various 2,404,500 2,427,158 (22,658) 22,658 2,427,158 0
 Grand Total 5,622,600 6,178, 143 (555,543 0 5,622,600 (555,543)
 
 WT/BFA/W/280 
Page 24  
 
  II. TRUST FUNDS PERFORMANCE 
26. This part describes the activities performed in 2011 using extra- budgetary funds.  The 
flagship of the WTO's trust funds is the Doha  Development Agenda Global Trust Fund (DDAGTF).  
While there are several smaller funds that address specific purposes, it is the policy of the WTO to 
encourage the consolidation of most trade-relate d technical assistance under this global trust fund. 
A. Doha Development Agenda Global Trust Fund 
Figure 17 Allocation of DDAGTF Resources 2011 
 
 
27. The Doha Development Agenda Global Trust fund (DDAGTF) was established in 
December 2001 to finance technical  assistance programmes and trai ning activities for developing and 
least-developed countries as well as economies in trans ition.  One of the main purposes for creating a 
global fund was to consolidate the numerous extra- budgetary funds in a single un-earmarked fund, so 
as to provide a stable financial basis for the deliv ery of a demand-driven global programme that can 
adapt to the evolving needs of beneficiaries.   The activities supported by the DDAGTF are intended 
to:  enhance institutional and human capacity in be neficiary countries;  address trade policy issues and 
concerns;  facilitate fuller partic ipation of beneficiaries in the Multilateral Trading System;  and 
encourage effective participation in the negotiations. 
28. WTO's technical assistance and training programmes are primarily geared towards 
government officials from WTO Members and accedi ng countries who are directly responsible for 
WTO-related issues, including the implementation of the Agreements of the Multilateral Trading 
System and the DDA negotiations.  A secondary broa der audience, including academics, civil society, 
parliamentarians and private sector representatives  is targeted through the academic and outreach 
programmes. 
29. Trade-related technical assistance and training activities (TRTA) are carried out in accordance 
with a Biennial Technical Assistance and Training Plan ("the TA Plan"). 
30. The TA Plan identifies the objectives and types of  activities to be delivered by the Secretariat 
for the period concerned.  The TA Plan normally foresees a number of activities at national and 
regional level, to be delivered within a given year .  The TA Plan also anticipates additional activities  WT/BFA/W/280 
 Page 25 
 
 
  at the national level on the basis of specific requ ests by Members (normally up to two activities per 
year per developing country Member and three for least-developed countries (LDCs). 
31. The TA Plans is structured around a progressive learning strategy designed in such a way as 
to: 
(a) ensure that the beneficiaries are gradua lly moving to higher levels of learning, 
(b) contribute to sustainable human a nd institutional capacity-building, 
(c) strengthen inter linkages among programmes, 
(d) build synergies across subject areas, 
(e) assure coherence and cost-effectiveness in the delivery of TRTA. 
32. The WTO undertakes activities in which it has a comparative advantage and that fall within 
its mandate, i.e. WTO Agreements and those areas th at are directly part of the DDA negotiations.  The 
WTO co-operates and forms partnerships when po ssible with relevant international bodies and 
agencies in order to deliver the TRTA efficiently, bearing in mind the specific competencies of the 
partner organizations. 
33. The TA Plan includes a mix of TA products that  are consistent with the Progressive Learning 
Strategy.  Each product targets different need s, objectives, audiences and levels of knowledge. 
34. The TA products can be grouped br oadly in five main categories: 
(a) E-learning/Self Training Courses – Takes full advantage of information technology 
and the Internet as a complement as well as an alternative to traditional training 
programmes.  These offerings consist of different types of IT-based technical assistance and training tools.  This approach is focused particularly on general level 
training. 
(b) General WTO-related technical assistan ce and training – Training activities for 
government officials with a broad ove rall WTO responsibility and a general 
knowledge of the multilateral trading system.  The main purpose is to initiate officials 
in the rules and functioning of the WTO and/or to raise the general level of 
knowledge and provide opportu nities for them to increase their skills.  Relevant 
activities can be held in Geneva or in the field. 
(c) Specialized and advanced technical assistance training – National/regional seminars 
and workshops as well as speciali zed courses for the initiated and 
specialists/technicians.  The focus is on providing in-depth training and enhancing 
skills that have a direct practical value in implementing WTO Agreements. 
(d) Academic support for training and capacity building – Activities that focus on 
building partnerships with trade policy -related academic community members in 
Member countries (e.g. workshops for uni versity professors on WTO matters, support 
programmes for doctoral students, progra mme for visiting academics, research 
collaboration and document dissemination for universities). 
(e) Trainee programmes and internships – They provide an opportunity for junior 
officials to get first hand exposure to the functioning of the multilateral trading 
system (MTS) and/or to provide support to the respective beneficiaries' regional 
secretariats to the WTO. 
35. In addition to the direct costs of the various tr aining activities, some staff costs related to the 
delivery of the technical assistance activities are funded from the DDAGTF. WT/BFA/W/280 
Page 26  
 
  36. TRTA programmes implemented under the DDAGTF in 2011 were based on the Biennial 
Technical Assistance and Training Plan 2010- 2011 (WT/COMTD/W/170/Rev.1).  The Committee on 
Trade and Development and the Committee on Budget, Finance and Administration jointly examined and endorsed the Technical Assistance and Training Plan 2010-2011.  Subsequent to the recommendation of the Committee on Budget, Fina nce and Administration, the General Council 
approved a target amount of CHF 24 million for the DDAGTF for each year of the biennium, 
corresponding to the estimated costs of  the activities contained in the Plan. 
37. The DDAGTF is a revolving fund, i.e. the remaining balance at the end of a year is carried 
forward to the next year of the fund's operation and counts toward meeting the periodic benchmarks 
set for contribution receipts as follows: 
(a) 25 per cent of the following year's target amount to be in the bank by 31 December; 
(b) another 50 per cent for an overall 75 per cent by 31 March;  and 
(c) 100 per cent by the end of June. 
38. This approach is designed to allow smooth an d effective implementation, through adequate 
and timely receipt of funds. 
39. In 2011 the actual level of contributions lagged th e benchmarks for most of the year.  This 
was due to the exchange rate impact of the st rong Swiss Franc and the postponement of payments 
until later in the year by several contributors. 
(a) 37 per cent was in the bank at 31 December 2010; 
(b) 49 per cent was in the bank at 31 March 2011; 
(c) 65 per cent was in the bank at 30 June 2011; 
(d) 81 per cent was in the bank at 31 September 2011; 
(e) 100 per cent was in the bank at 31 December 2011. 
40. The level of contributions was lower than in the previous year essentially due to the rise in the 
Swiss Francs exchange rate. 
41. Main activities implemented in 2011, many of which were undertaken in partnership with 
other agencies and bodies, include: 
1. General WTO-related technical assistance and training 
 Four three-month Regional Trade Policy Courses (RTPC) and the corresponding 
Geneva-based preparatory workshops.  They  covered Africa, Asia/Pacific, Caribbean 
and Latin America. 
 Two Short (4-week) Regional Trade Polic y Course (SRTPC) covering Central and 
Eastern Europe, Central Asia and the Caucasus;  Arab and Middle East Countries. 
 Eight Geneva-based topic-specific symposia and eight regional and sub-regional 
training courses of shorter duration. 
2. Specialized and advanced technical assistance training 
 30 national topic-specific technical assistan ce activities including the Trade Policy 
Review Mechanism missions. 
 40 topic-specific regional seminars (on Ag riculture, Dispute Settlement, Government 
Procurement, Non-Agriculture Market A ccess, Regional Trade Agreements, Rules, 
Sanitary and Phytosanitary Measures, Serv ices, Technical Barriers to Trade, Trade 
and Development, Trade and Environmen t, Trade Facilitation and Trade-Related 
Aspects of Intellectual Property).  WT/BFA/W/280 
 Page 27 
 
 
   Five other specialized and advanced training activities for senior government 
officials. 
 Five intensive courses on trade negotiation skills. 
 Four outreach activities for parliamentarians and civil society. 
 One activity on Accession. 
 A variety of activities dedicated to information technology development in 2011, 
including the establishment of five new reference centres (Angola, Azerbaijan, Gabon, Vietnam and Zimbabwe) and the upgrad ing of five existing reference centres 
(Ghana, Kenya, Samoa, Tonga and Zimbabwe). 
3. Academic support for training and capacity building 
 One regional workshop and 8 national ac tivities for university professors on WTO 
matters. 
 15 WTO Chairs received on-going support. 
4. Trainee programmes and internships 
 Seven Regional Coordinator Internships. 
5. E-learning 
(a) Online Courses 
42. In 2011, a major overhaul was undertaken in the delivery mode to offer online courses in the 
three languages, on a 24/7 basis.  From 2005 to 2 010, courses were organized by session at specific 
dates during the year.  The new approach increased significantly the availability of the online courses 
in general, and the availability of courses in French and Spanish in particular.  TA recipients now had 
access to WTO E-Learning in the three languages throughout 2011. 
43. WTO E-Learning is offering a course "Introduction the WTO" in level 1, one more advanced 
general course at level 2 as well as eight specialized courses on specific WTO issues or Agreements.  The 2011 online course programme therefore include d the following courses available all-year-round: 
(a) Level 1 Introduction to the WTO; 
(b) Level 2 
(i) Generalist Path: 
 The Multilateral Trade Agreements and the WTO. 
(ii) Specialist Path: 
 Agriculture in the WTO; 
 Non-agricultural Market Access in the WTO; 
 Sanitary and Phytosanitary measures; 
 Technical Barriers to Trade in the WTO; 
 Trade-Related Aspects of Intellectual Property Rights; 
 Trade Remedies and the WTO; 

 Trade and Environment; 
 Trade and Services in the WTO. 
44. In 2011, the decision was made to open up the c ourses all year round and spread participation 
over the entire year.  In addition, a comprehensiv e revision of the website (codes and design) was 
undertaken to boost performances.  This strategy proved successful and allowed the number of online 
participants to rise again in 2011. WT/BFA/W/280 
Page 28  
 
  (a) Around 5,000 government officials received access codes to participate in the online 
courses in 2011 compared to 3599 in 2010.   This is an increase of around 1400 
participants, i.e. 28 per cent to the number of participants in 2010. 
(b) Of the 5'000 participants, 48 per cent were in the generalist path and 52 per cent in 
the specialist path.  37 per cent registered  in level 1 and 63 per cent in level 2. 
(c) The participation of LDCs accounted for more  than 26 per cent of the total number of 
participants in 2011, representing an in crease of 7 per cent as compared to the 
average number of LDC participants from 2004 to 2010.  The participants from observer governments accounted for 12 per cent in 2011. 
(d) The regional distribution of participants ta king the courses has been comprehensive in 
2011, covering all regions, with the highest rates of participation in Africa (35 per 
cent), Latin America (26 per cent) and Asia/Pacific (20 per cent). 
(e) Compared to 2010, participation in Afri ca, Asia, the Caribbean region and Latin 
America slightly decreased - to the advantage of the Middle-East and the CEECAC regions, whose share of participants was multiplied by approximately two in 2011.  
This trend will contribute to strengthening efficiency of the PLS in the years to come 
by enlarging the pool of successful online par ticipants - eligible for more advanced 
courses - in regions less involved in E-Learning in the past. 
(b) Self-Training Courses 
(a) In 2011, a number of self-training modules covering a wide range of WTO topics 
(overview of the WTO, legal and economic underpinnings, dispute settlement, SPS 
measures, trade in services, accessions, trade f acilitation, trade and finance, etc.) were 
available online through the WTO Webpage  on distance learning, the E-Learning 
Website and on CD-ROM or DVD.  The course on Trade and Finance was updated 
and new video material was shot. 
(b) The modules were accessible free of charge and open to all Website users.  Each 
module included theory and exercises th rough multiple choice questions with an 
automatic correction mechanism. 
45. The complete qualitative and quantitative overv iew of technical assistance and training 
activities undertaken in each year is presented by th e Secretariat to the Membership in the spring of 
the following year.  WT/BFA/W/280 
 Page 29 
 
 
  Table 9. Doha Development Agenda Global Trust Fund (DDAGTF) 
Financial Report Summary (CHF)  2011 2010 
Funds as at 1 January  8,879,564 10,868,997 
Transfer from Trade Facilitation Ne eds Assessment Fund -  24,977 - 
Contributions received 15,075,383 16,108,998 
Interest earned  21,843 28,124 
Total funds 24,001,767 27,006,120 
Total expenditures (13,748,966) (18,126,556) 
Balance as at 31 December 10,252,801 8,879,564 
 
B. Internship Programme for Selected Members' Missions in Geneva (TIMM1) 
46. The internship programme for the benefit of Geneva-based Missions of LDCs and small and 
vulnerable economies with very few staff was establis hed in 2001.  The purpose of this Programme is 
(i) to enhance the interns' knowle dge and understanding of the multilate ral trading system and of trade 
policy in general;  (ii) to strengthen the understa nding of the negotiation process at the WTO;  and 
(iii) to support the Mission in participating mo re actively in the daily activities at the WTO. 
47. The interns work in their own country Mission in Geneva and not in the WTO Secretariat for 
a period of up to ten months and represent thei r respective country on selected WTO committees.  
This hands-on approach is designed to provide them  with exposure to the activities taking place at the 
WTO. 
48. The programme is open to nationals of deve loping and least-developed countries as well as 
economies in transition with a Geneva Mission.  The required qualifications include:  (i) an 
appropriate degree in economics, trade and/or law at the post-graduate level;  (ii) mastery of one of 
the WTO working languages and pref erably a good knowledge of anothe r;  (iii) working experience in 
the national administration in the trade-related area;  (iv) good drafting skills;  and (v) operational 
familiarity with standard software packages.  Support function positions are not considered part of this 
programme. 
49. Interns are selected by the Institute for Tr aining and Technical Cooperation and the Human 
Resources Division of the WTO together with the Mission concerned.  The selection criteria are similar to those for entry-level positions at the WTO.  Special consideration is given to those 
candidates who will be using their experience upon returning to their country.  LDCs and other 
developing countries with low per-capita GNP and t hose countries with very few staff positioned in 
Geneva Missions are given preference. 
50. The beneficiary Mission establishes a general description of the assignment in advance.  A 
more detailed programme of work for each intern is  prepared by the Permanent Representative of the 
Mission in Geneva, after the candidate has been selected. 
51. The general duties might include: 
(a) assistance in collection, analysis, interpretation and organization of material of 
interest to the Mission; 
(b) assistance in the preparation of meetings of WTO bodies, including attendance and 
follow-up of such meetings; 
(c) assistance in preparation of reports for the capital, documents and communications of 
economic and/or legal natu re related to the WTO; 
(d) assistance in other tasks un dertaken by the Mission. WT/BFA/W/280 
Page 30  
 
  52. The evaluation of the intern's work by the Missi on takes place at mid-term and at the end of 
the assignment and is shared with the WTO.  Furt her evaluation of the usefulness of this programme 
takes place one year after the end of the internship. 
53. In 2011, this fund financed the costs related to  16 interns (of which four had started in 2010) 
from the following countries:  Bangladesh, Benin, Cambodia, Djibouti, El Salvador, Lesotho (2), 
Mozambique, Nepal, Nicaragua, Nigeria, Tajik istan, Tanzania, Togo, Sudan and Zimbabwe. 
Table 10. Mission Internships Programme (TIMM1) 
Financial Report Summary (CHF) 2011  2010 
Funds as at 1 January  1,236,416  1,249,141 
Contributions received  1,153,805  928,300 
Interest earned  3,406  2,273 
Total funds 2,393,626  2,179,714 
Total expenditures  (717,507)  (943,298) 
Balance as at 31 December  1,676,119  1,236,416 
 
C. Netherlands Trainee Programme (TNL05) 
54. The Netherlands Trainee Programme was launche d on 1 April 2005 and was to be completed 
by 31 December 2008.  In November 2008, the Govern ment of the Netherlands extended the period of 
application of the arrangement for four more years, i.e. until the end of 2011. 
55. The objective of the Programme is to generate tangible, measurable and lasting capacity 
building in areas related to trade policy in l east-developed countries, low income countries and 
comparable poor and vulnerable economies with par ticular attention given to African countries to 
assist in their economic and social development. 
56. The Programme provides junior public officials with the opportunity to learn about matters 
dealt with in the WTO.  The target group of candi dates who can qualify for the Programme are junior 
professionals from trade and development-related mini stries, private sector organizations, university 
graduates, participants in trade policy courses and other suitable candidates w ith adequate knowledge 
of the WTO. 
57. Trainees spend a total period of up to ten months with the WTO and are expected to complete 
well defined tasks in that period which are relevant  for the beneficiary country in terms of capacity 
building and/or in the on-going negotiations.  Examples include: 
(a) undertaking a needs assessment for identifyi ng priorities for technical assistance and 
training, based on the guidelines established to that effect; 
(b) contributing to the attainment of the Doha  Round, e.g. tabling an initial or improved 
offer in services; 
(c) fulfilling outstanding notificati on obligations and assisting in the implementation of 
commitments for new, recently acceded Members; 
(d) assisting acceding countries in this process; 
(e) assisting in the preparation of trade policy reviews; 
(f) undertaking other tasks, which would contribut e to a better and fuller participation of 
the beneficiary country in the MTS; 
(g) assisting WTO Divisions in specific tasks. 
58. The candidates are selected by the Secretariat, from applications and nominations proposed 
by the beneficiary countries.  WT/BFA/W/280 
 Page 31 
 
 
  59. Trainees work full-time like Secretariat staff me mbers and carry out tasks and duties assigned 
to them but with no expectancy of renewal or extension of the traineeship beyond ten months.  
Following the completion of their assignments, train ees are expected to provide an evaluation report 
with detailed information of the tasks accomplishe d and an assessment of their relevance for the 
candidate and the beneficiary country. 
60. The total number of trainees who have benef ited from the Programme since its launch in 
April 2005 reached 83 at the end of 2011. 
61. The trainees who were on board during 2011 were  from Azerbaijan, Bhutan, Guinea, Haiti, 
Laos, Malawi, Rwanda, Si erra Leone and Uganda. 
62. Sixteen new trainees are scheduled to take up their duties in early 2012. 
Table 11. Netherlands Trainee Programme (TNL05) 
Financial Report Summary (CHF) 2011 2010 
Funds as at 1 January 521,149 486,382
Contributions recei ved 94,701 818,330
Interest earned  244 1,610
Total funds 616,094 1,306,323
Total expenditures (590,559) (785,174)
Balance as at 31 December 25,535 521,149
 
D. Trade Facilitation Trust funds – Window I – Participation of Capital-based Officials in 
the Negotiating Group Meetings (TTFNG) 
63. The mandate for WTO negotiations on trade f acilitation provides that technical assistance 
should be provided during the nego tiations to ensure that devel oping and least-developed countries 
fully participate in and benefit from the negotiations .  (WT/L/579 – Annex D- adopted in July 2004) 
Paragraph 5 of the Mandate states: 
(a) It is recognized that the provision of t echnical assistance and support for capacity 
building is vital for developing and least- developed countries to enable them to fully 
participate in and benefit from the negotiatio ns.  Members, in particular developed 
countries, therefore commit themselves to adequately ensure such support and 
assistance during the negotiations. 
64. In connection with this paragr aph, paragraph 38 of the Doha Ministerial Declaration also 
addresses relevant technical assistance and capacity building concerns of Members. 
65. Negotiations on Trade Facilitation are conducte d through meetings of the Negotiating Group 
on Trade Facilitation (NGTF) which consists of representatives of all WTO Member and Observer 
countries.  African and LDC countries have con tinuously stressed the importance of technical 
assistance to bring specialists from their capitals  to advice on the technical issues during these 
meetings.  The discussions in the NGTF focus on proposals concerning border fees and formalities, 
transparency issues, transit and special and differen tial treatment.  Because of the technical nature of 
these proposals, most developed and advanced deve loping countries bring experts from their capitals, 
especially customs officials, to participate in the meetings and advise the negotiator on technical 
issues.  Participation by capital-based expert o fficials not only provides more effective responses to 
issues raised during the meeting but also results in more effective support from the capital due to 
increased understanding of the negotiation proposals a nd process.  Bringing technical specialists from 
African and LDC countries allows them to negot iate actively on the technical issues as well. WT/BFA/W/280 
Page 32  
 
  66. This programme began in 2008.  In order to ensu re that the appropriate officials participated, 
each African and LDC countries were asked to nominat e two officials that met certain qualifications.  
The WTO Secretariat reviewed the nominations and selected the most qualified person from each 
country.  The letter of invitation set out the following qualifications: 
(a) fluent in reading, speaking and working in  one of the three WTO official languages; 
(b) supports the national Geneva negotiator in  the WTO trade facilitation negotiations; 
(c) has technical expertise in the customs-re lated measures that are under negotiation; 
(d) has participated in, or will participate in, the national WTO trade facilitation needs 
assessment; 
(e) is available for the dates of the NGTF meeting and will participate if selected. 
 
67. The WTO Secretariat invited officials to participate in three meetings of the NGTF in 2011 as 
follows: 
(a) 37 capital-based African and LDC officials participated in the NGTF meeting held 
4-8 April 2011 
(b) 60 capital-based African and LDC officials participated in the NGTF meeting held 
26-30 September 2011 
(c) 55 capital-based African and LDC officials participated in the NGTF meeting held 
7-11 November 2011 
68. According to African and LDC negotiators this programme is crucial to ensure that their 
countries participate fully and effectively in the ne gotiations.  Many delegates have remarked that not 
only has the number of countries active in the negotiations improved but the technical level of the 
involvement has improved and has gone well beyond th e traditional interventions in the area of 
special and differential treatment.  This was due  to increased understanding and awareness of the 
negotiations in large part because of this progr amme as well as the WTO Trade Facilitation Needs 
Assessment Programme. 
Table 12. Trade Facilitation–Particip ation of Capital-based Officials in  the Negotiating Group Meetings 
(TTFNG) 
Financial Report Summary (CHF) 2011 2010 
Funds as at 1 January 532,190 391,837
Contributions receive d  351,375 715,932
Interest earned  1,031 1,531
Total funds 884,596 1,109,299
Total expenditures  (621,635) (577,110)
Balance as at 31 December 262,961 532,190
 
69. Both donors and recipient countries have expressed  an interest in continuing this programme 
in 2012.   
E. Trade Facilitation National Need s Assessments Trust fund (TTFNA) 
70. The activities related to this fund ceased at the e nd of 2010.  Donors were consulted as to their 
wishes for the remaining balances in this fund.  Ho wever, as of the end of  2011, not all donors had 
indicated their preferences.  Donors will be consu lted again with the objective of finally closing the 
fund in the course of 2012.  WT/BFA/W/280 
 Page 33 
 
 
  Table 13.Trade Facilitation National Needs Assessments Trust fund (TTFNA) 
Financial Report Summary (CHF) 2011 2010 
Funds as at 1 January 514,658 716,995
Contributions Transfer to DDAGTF (24,978) 
Contribution Reimbursements Denmark (90,841) 
Interest earned  1,605 1,952
Total funds 400,445 718,947
Total expenditures  544 (204,289)
Balance as 31 December 400,988 514,658
 
F. Ministerial Conference – Participation of Least-Developed Countries (TMI6 and TMI7) 
71. Starting with the 1st WTO Ministerial Conference held in Singapore in 1996, the WTO 
Secretariat has facilitated the participation of L east-Developed Countries (LDCs) in the Ministerial 
Conferences, thanks to voluntary contributions pool ed into a special extra-budgetary fund.  Costs 
related to air travel, accommodation and per diem allowances of LDC delegations comprised of one 
minister and two high level officials are covered.   There was no Ministerial Conference in 2010. 
72. The eighth Ministerial Meeting was held in Ge neva from 15 to 17 December 2011.  The Trust 
Fund provided support for 118 participants fro m 41 LDCs and 13 jour nalists from 10 LDCs. 
Table 14.Ministerial Conference – Participation of Least-Developed Countries (TMI6 and TMI7) 
Financial Report Summary (CHF) 2011 2010 
Funds as at 1 January 916,519 908,395
Contributions recei ved  87,495 5,381
Interest earned  2,051 3,073
Total funds 1,006,065 916,849
Total expenditures (619,743) (330)
Balance as at 31 December 386,321 916,519
 
73. At the end of a given Ministerial Meeting, th e remaining balances in favour of the various 
donors are traditionally carried forward and added to th e new contributions to be utilized for the same 
purpose in the subsequent Conference unless the donor requests a reimbursement. 
G. Standards and Trade Development Facility (TWB01) 
74. The Standards and Trade Development Facility (STD F) is a global partnership, established by 
the Food and Agriculture Organization (FAO), the Wo rld Organization for Animal Health (OIE), the 
World Bank, the World Health Organization (WHO) and the WTO, to support developing countries in 
building their capacity to implement internationa l sanitary and phytosanitary (SPS) standards, 
guidelines and recommendations as a means to improve their human, animal and plant health status 
and ability to gain and maintain access to markets.   Other organizations involved in SPS-related 
technical cooperation, donors contributing to th e STDF and developing country experts participate 
actively in the Facility's work.3  The STDF is managed and housed by the WTO. 
75. In 2011, the STDF continued its work to assist  developing countries to use Multi Criteria 
Decision Analysis (MCDA) to inform SPS decisi on-making and resource allocation.  A draft MCDA 
                                                      
3 Further information on the STDF and its activities, background documents, etc. is available on the 
STDF website ( http://www.standardsfacility.org/en/index.htm ). WT/BFA/W/280 
Page 34  
 
  guidebook (to apply the MCDA approach in the SPS c ontext) was developed by a consultant and was 
applied and tested in Mozambique and Zambia.  These applications demonstrated the usefulness of 
the approach to facilitate dialogue among SPS stakeh olders about priorities for SPS capacity building.  
Following the applications at national level, a regional training workshop was organized on 
16-17 August in Johannesburg, South Africa, to trai n selected SPS experts from Africa on the use of 
MCDA.  The STDF will continue its work on the us e of MCDA in 2012, including the application of 
the MCDA tool in one developing country in Asia and the organization of one regional workshop to 
raise awareness on the MCDA approach in the region. 
76. Throughout the year discussions were held on the organization and facilitation of a global 
level seminar on the cross-cutting topic of internatio nal trade and Invasive Alien Species (IAS) to be 
held in Geneva in July 2012.  The purpose of the seminar will be to raise awareness and create 
synergies between the SPS and environmental comm unities about IAS as a trade-related issue.  The 
STDF also pilot tested training workshops on project development in Central African Republic and Nepal in close collaboration with the Enhanced Inte grated Framework (EIF) and continued to work on 
the development and application of SPS indicators to track and measure performance of SPS systems. 
77. In May 2011, the STDF released the second editi on of its publication "SPS-Related Capacity 
Evaluation Tools:  An Overview of Tools Devel oped by International Organizations" to inform 
developing countries about the range of tools that can be used to evaluate their SPS-related capacity 
needs.  In September, a joint STDF/World Bank pa per on "Climate Change and Trade:  The Link to 
Sanitary and Phytosanitary Standards" was releas ed to raise awareness about issues related to SPS 
risks and standards in the context of agri-food trade and climate change.  In November, the 
publication entitled "Use of Economic Analysis to Inform SPS-related Decision-Making" reviewing 
experiences with the use of economic analysis to guide priority-setting for SPS capacity building in 
developing countries was issued.  A publication on  "National SPS Coordination Mechanisms:  An 
African Perspective" was completed and preliminar y conclusions were presented at a WTO workshop 
on National and Regional SPS Coordina tion in October 2011.  This publi cation will be released in the 
first quarter of 2012. 
78. The STDF undertook various other efforts to ex change and disseminate information on its 
activities, including through participation in various  meetings of partners  and other relevant 
international and regional organi zations.  The STDF finalized the production of Arabic, Chinese and 
Russian versions of its film:  "Trading Safely" (b oth the 30 minute and eight minute versions).  The 
STDF website was kept up-to-date on a regular basi s, its content and functionalities were improved, 
and work on the French and Spanish versions of the website was completed.  Work also started on the 
development of the "STDF Virtual Library", a sear chable online information repository including a 
variety of SPS-related capacity building documentation, includi ng research papers, studies, needs 
assessments, training materials and articles from vari ous publishers and sources.  This work will be 
completed in 2012.  Three STDF newsletters were also produced. 
79. Funds are available in the STDF to finance proj ects and project preparation grants (PPGs) that 
help beneficiaries in developing countries gain and maintain access to markets.  The STDF reviewed a 
large amount of proposals in terms of project design and their technical soundness and on the basis of the accuracy and completeness of the informati on provided by applicants.  In 2011, five project 
preparation grants (PPGs) and eight projects we re approved for funding for a total value of 
US$ 4,183,259.  The STDF also continued to implemen t several projects and PPGs.  Six projects were 
completed. 
80. In 2011, the STDF adopted a new Medium Term  Strategy setting out the principles and 
strategic priorities that will guide the work of th e Facility and the use of its resources over the next  WT/BFA/W/280 
 Page 35 
 
 
  five years.4  The strategy is built on the need to pr omote increased collaboration and interaction 
among providers of SPS-related tec hnical cooperation and to continue strengthening the STDF as a 
"knowledge platform" for exchange of informati on, sharing experiences and identification and 
dissemination of good practice.  The following stra tegic results will be pursued in a mutually 
reinforcing manner:  (i) enhanced collaboration on SPS-related technical cooperation;  (ii) improved 
capacity of beneficiaries to identify and prioritize SPS needs and formulate proposals that are able to 
secure funding from the STDF or external funding sources;  and (iii) improved performance of 
beneficiaries of STDF projects. 
Table 15. Standards and Trade Development Facility (TWB01) 
Financial Report Summary (CHF) 2011 2010 
Funds as at 1 January 3,843,391 6,164,905
Contributions received 5,538,554 4,304,185
Interest earned  18,957 17,742
Total funds 9,400,902 10,486,832
Total expenditures  (2,057,774) (6,643,441)
Balance as at 31 December 7,343,128 3,843,391
 
H. China LDCs and Accessions Programme 
81. In July 2011, China contributed to the est ablishment of “China’s LDCs and Accessions 
Programme”, to help strengthen LDC Members par ticipation in the WTO activities and also to help 
acceding LDCs to improve their capacity for accessi on. Funds received amounted to CHF 333,200 but 
activities started only in 2012. 
I. Enhanced Integrated Framework Executive Secretariat (TIFES) 
82. The Enhanced Integrated Framework (EIF) is an  initiative to provide trade-related technical 
assistance to the world's poorest countries as a mean s of integrating them more fully into the 
multilateral trading system.  Its Executive Secretar iat is housed at the WTO, which was officially 
established in 2008.  The International Bank for R econstruction and Developm ent, the International 
Monetary Fund, the International Trade Commis sion, the United Nations Conference on Trade and 
Development, the United Nations Development Programme and the World Trade Organization 
(collectively "EIF Agencies"), EIF Least-Develope d Countries ("EIF LDCs") and all donors constitute 
the partners of the EIF.  The EIF is regarded as one of the most successful initiatives under the overall 
umbrella of Aid for Trade. 
83. EIF funding is channelled through two sources:   the multilateral EIF Trust fund managed by 
the United Nations Office for Project Services (UNO PS) and bilateral/regional donor support direct to 
the beneficiary countries.  The EIF Trust fund ma kes an annual allocation to the WTO to cover the 
operating expenditures of EIF Executive Secretar iat, administratively housed at the WTO. 
                                                      
4 The new STDF Medium Term Strategy (2012-2016) was adopted by the STDF policy Committee on 
10 January 2012. WT/BFA/W/280 
Page 36  
 
  Table 16. Enhanced Integrated Fra mework Executive Secretariat (TIFES) 
Financial Report Summary (CHF) 2011 2010 
Funds as at 1 January 1,533,969 979,624
Contributions received 3,343,015 2,790,508
Interest earned 6,174 6,389
Total funds 4,883,158 3,776,521
Total expenditures  (3,750,300) (2,242,553)
Balance as at 31 December 1,132,858 1,533,969
 
J. Independent Entity – Pre-Shipment Inspection – Deposits (T0013) 
84. Independent Entity (IE) is a mechanism fo r settling disputes between exporters and 
preshipment inspection companies/agencies, constit uted by the WTO, International Chamber of 
Commerce (ICC) and International Federation of Inspection Agencies (IFIA) and established under 
Article 4 of the Agreement on Preshipment Inspection. 
85. Deposit payments from the following pre-shipme nt inspection companies have been received 
to cover the estimated costs of an independent re view in the event of a dispute as required by the 
terms of reference of the Agreement:  Bureau Ve ritas International, Cotecna Inspection Limited, 
Inspectorate Griffith Limited, Inchcape Testing Services International Limited. 
Table 17. Independent Entity – Pre-Shi pment Inspection – Deposits (T0013) 
Financial Report Summary (CHF) 2011 2010 
Funds as at 1 January  88,156 88,131
Interest earned - 25
Total funds 88,156 88,131
Total expenditures 107 -
Balance as at 31 December 88,263 88,156
 
K. Programme Support Fund (EPSF1) 
86. Up until 1999, the 13 per cent overhead fees ch arged on direct costs incurred in all Trust 
funds administered by the WTO were being credite d to the regular budget as miscellaneous income.  
Since then, they are being channelled through a sp ecial fund created to collect them, the Programme 
Support Fund (PSF).  According to its terms of re ference, the funds shoul d be used to finance 
expenses of a general nature, i.e. not related to any specific technical assistance project, which support 
technical assistance activities of the WTO as a whole.  In  this connection, it should be noted that this 
is due to the fact that, currently, the WTO does not  have the means to eval uate and underwrite the 
administrative support staff costs as direct  charges to each extra-budgetary fund. 
87. The WTO may share the 13 per cent overhead fees  charged to various Trust funds that it 
manages with implementing partners. 
88. Ten per cent of the expenses in the PSF is statutorily credited back to the WTO regular budget 
as a token contribution in recognition of the fact that the Organization's resources are being used for the delivery of the technical assistance activ ities financed from the extra-budgetary funds. 
89. In 2011, expenses in the PSF corresponded mainly to fixed-term and short-term contracts for 
professional or support staff performing back-o ffice duties relating to the delivery and the 
administration of technical assistance activities.  WT/BFA/W/280 
 Page 37 
 
 
  90. The fixed-term and short-term contracts fi nanced from PSF included the following positions: 
(a) Six fixed-term support staff members in th e ITTC of which two in Logistics Unit; 
(b) Three fixed-term support staff members in the Budget and Finance Section; 
(c) Three fixed-term professional staff members in the Economic Research and Statistics 
Division; 
(d) Two fixed-term support staff members in the Informatics Division; 
(e) Two short-term support staff members in the Logistics Unit; 
(f) One short-term support staff members in the Human Resources Division; 
(g) One short-term professional staff member in the Agriculture and Commodities 
Division. 
 
Table 18. Programme Support Fund (EPSF1)  
Financial Report Summary (CHF) 2011 2010 
Funds as at 1 January 1,219,070 1,158,577 
Overhead fees collected  2,222,299 2,650,474 
Total funds 3,441,369 3,809,051 
Total expenditures (2,364,287) (2,589,981) 
Balance as at 31 Decembe r  1,077,08 1 1,219,070 WT/BFA/W/280 
Page 38  
 
  III. FINANCIAL STATEMENTS 
A. Management letter of representation 
91. The Management of the WTO is responsible fo r these financial statements, which have been 
prepared in accordance with the Organization's Fi nancial Regulations and Rules.  The financial 
disclosures in this report are intended to fairly pr esent the Organization's financial results in a manner 
that is complete and understandable. 
92. The Management is responsible for establishing and maintaining adequate internal control 
over financial reporting so as to provide reasonabl e assurance regarding th e reliability of these 
financial statements for external purposes.  This includes policies and procedures that 1) provide for 
the maintenance of records that accurately and fairly  reflect the transactions of the Organization, 2) 
provide reasonable assurance that transactions are authorized and recorded in compliance with the 
Organization's Financial Regulations and Rules an d 3) provide reasonable assurance regarding the 
prevention or timely detection of unauthorized ac quisition, use or disposition of the Organization's 
assets.  However, due to the inherent limitations of internal control over financial reporting, these 
controls may not prevent or detect all misstatements. 
93. Based on the above, the Management has conclude d that these financial statements present 
fairly the Organization's financial position a nd performance as of 31 December 2011.  These 
statements have been audited by external auditors  appointed by the General Council, and their report 
appears on the following page. 
 
 
   Pascal Lamy Tristan Bauswein  Director-General Director 
  Administration and General Services Division  WT/BFA/W/280 
 Page 39 
 
 
  B. Opinion of the external auditor 
94. We have examined the financial statements of the World Trade Organization (WTO) for the 
year ended 31 December 2011, which comprise stat ements on the financial situation and financial 
performance, the statement of changes in net assets,  the cash flow statement and the statement on the 
use of budgetary allocations, as well as the summary  of principal accounting practices and other 
explanatory notes.  These financial statements were prepared under the responsibility of the 
WTO management.  It falls to us, on the basis of  our audit, to express an opinion on the financial 
statements. 
95. We conducted our audit in accordance with in ternational auditing standards (International 
Standards on Auditing - ISA).  These standards require  that our work be organized and implemented 
in such a way as to obtain a reasonable assurance th at the financial statements contain no significant 
inaccuracy.  An audit consists, inter alia , in randomly reviewing the documents submitted in support 
of the amounts and other data shown in the financ ial statements.  It also involves evaluating the 
accounting principles applied and the significant estimates made by the WTO management, and assessing the overall presentation of the financial stat ements.  We consider that the audit that we 
have conducted constitutes a reasonable f oundation on which to base our opinion. 
96. Our opinion is that the financial statements pr esent fairly the financial position of the WTO as 
at 31 December 2011 and the result of the operations  and cash flows for the fi nancial year ended on 
that date, and that they were prepared in accordance with the releva nt accounting standards. 
 
 
 
(signed) 
 
    
Didier Migaud 
First President 
French Court of Accounts WT/BFA/W/280 
Page 40  
 
  C. Financial statements 
Table 19. Statement of Budgetary Expenditure for the WTO Secretariat (2011 in CHF) 
Part Section Budget Expenditure Balance Proposed 
Transfers Revised 
Appropriation Balance
A Sect 1 Work Years 123,328,600 122,682,312 646,288 (646,288) 122,682,312 0
 Sect 2 Temporary 
Assistance 15,927,100 20,688,976 (4,761, 876 4,761,876 20,688,976 0
B Sect 3 Communications 1,780, 000 1,476,790 303,210 (303,210) 1,476,790 0
 Sect 4 Building Facilities 3, 848,000 4,225,653 (377,653 377,653 4,225,653 0
 Sect 5 Permanent 
Equipment 1,064,000 1,215,618 (151, 618 151,618 1,215,618 0
 Sect 6 Expendable Supplies 1,261,000 941,593 319,407 (319,407) 941,593 0
 Sect 7 Contractual Services 9,211,600 8,725,426 486,174 (486,174) 8,725,426 0
C Sect 8 Staff Overheads 4, 788,000 3,987,588 800,412 0 4,788,000 800,412
 Sect 9 Missions 2,902,000 2, 785,136 116,864 (10,444 2,891,556 106,420
 Sect 10 TPTC 3,315,000 1,908, 279 1,406,721 (1,406,721) 1,908,279 0
 Sect 11 Various 4,045,000 3,888,793 156,207 (156,207) 3,888,793 0
D Sect 13 ITC 18,911,000 16,948, 304 1,962,696 (1,962,696) 16,948,304 0
 Grand Total 190,381,300 189, 474,468 906,832 0 190,381,300 906,832
 
Table 20. Statement of Budgetary Expenditure for th e Appellate Body and its Secretariat (2011 in CHF) 
Part Section Budget Expenditure Balance Proposed 
Transfers Revised 
Appropriation Balance 
A Sect 1 Work Years 2,982,000 3,428,772 (446,772) 0 2,982,000 (446,772)
 Sect 2 Temporary Assistance 65,600 224,863 (159,263 50,492 116,092 (108,771)
B Sect 3 Communications 6,500 (411) 6,911 (6,911 (411) 0
 Sect 4 Building Facilities 18,000 0 18,000 (18,000 0 0
 Sect 5 Permanent Equipment 25,000 68,709 (43,709) 43,709 68,709 0
 Sect 6 Expendable Supplies 20,000 730 19,270 (19,270 730 0
 Sect 7 Contractual Services 25,000 7,816 17,184 (17,184 7,816 0
C Sect 8 Staff Overheads 39,000 19,823 19,177 (19,177 19,823 0
 Sect 9 Missions 37,000 683 36,317 (36,317 683 0
 Sect 11 Various 2,404,500 2,427,158 (22,658) 22,658 2,427,158 0
 Grand Total 5,622,600 6,178, 143 (555,543 0 5,622,600 (555,543
  WT/BFA/W/280 
 Page 41 
 
 
   
Table 21. Statement of Financial Position 
WORLD TRADE ORGANIZATION 
AS AT DECEMBER 31, 2011 (CHF)    
 Notes 2011 2010
ASSETS    Current assets    Cash and cash equivalents 3 65,786,941 58,164,091Receivables from Member s 4 25,886,554 23,760,476
Receivables from Observer s 4 1,067,818 1,156,018
Receivables from Donors 4 1,719,200 0Inventories 5 479,585 366,262Other receivables 6
6,533,272 8,622,627
Prepayments 7 2,290,746 521,057
  103,764,116 92,590,532Non-current assets    Work in Progress 8 39,645,004 6,817,662    
Total assets  143,409,120 99,408,193
    
LIABILITIES        Current liabilities    Payables 9 5,238,900 4,184,895Contributions paid in advance by Members and Observers 10 7,654,761 970,536Provision for obligations outstanding as at year-end 11 9,880,477 14,356,233Provision for contributions in arrears 4 14,965,424 15,895,347Provision for employee benefits 12 12,848,649 6,372,400Trust funds balance due to donors 13 23,005,684 19,443,328  73,593,897 61,222,738Non-current liabilities    
Loan payable 8 37,350,559 7,950,000
Grant 4,747,958 0
    
Total liabilities  115,692,414 69,172,738
    
Net assets  27,716,706 30,235,455
    
NET ASSETS/EQUITY    Working Capital Fund 14 10,125,235 10,099,780Reserves/operating funds  15 16,851,715 9,608,355Accumulated surplus 16 739,756 10,527,319
Total net assets/equity  27,716,706 30,235,455
 WT/BFA/W/280 
Page 42  
 
  Table 22. Statement of Financial Performance 
WORLD TRADE ORGANIZATION 
AS AT DECEMBER 31, 2011 (CHF)    
 Notes 2011 2010
REVENUE    Contributions assessed on Members 17 194,300,000 192,200,000Contributions of Observers 18 903,495 884,015Voluntary contributions on trust funds 19 22,191,926 29,426,701Revenue from publications 20 308,341 388,030Savings on prior year's outstanding obligations 21 353,123 798,254Refund of prior year's expenditure 22 246,253 1,224,807Other revenue 23 260,630 151,777    
Total revenue  218,563,768 225,073,585
    
EXPENSES    WTO Secretariat budgetary expenditure 24
(189,474,222) (188,555,790)
Appellate Body and its Secretariat budgetary expenditure 24 (6,178,390) (5,433,710)Trust Funds expenditure 24 (21,966,155) (29,156,122)Loss on foreign exchange transactions  25 (485,740) (618,465Provision for contribution in arrears 4 929,923 9,960,081Write-off and adjustment for inventories 5 (39,430) (138,201)Write off of pre-1988 arrears 4 (609,999 (604,059)    
Total expenses  (217,824,012) (214,546,266)
    
Surplus/(deficit) for the period  739,756 10,527,319
 
 
  WT/BFA/W/280 
 Page 43 
 
 
   
 
Table 23. Statement of Chan ges in Net Assets/Equity 
WORLD TRADE ORGANIZATION 
AS AT DECEMBER 31, 2011 (CHF) 
 Notes Working 
Capital 
fund Reserves / 
Operating 
funds Accumulated 
Surplus/Defic
it  Total Net 
Assets/Equity
Balance at 31 December 2009  10,071,222 9,448,03 4 1,036,988 20,556,244
Transfer to MTOF    (1,036,988) (1,036,988)
Plenishment of reserves 15  3,136,988  3,136,988
Utilisation of reserves 15  (3,023,773)  (3,023,773)
Saving on prior years obligations 15  47,106  47,106WCF transactions  14 28,558   28,558Surplus/Deficit of the year 16   10,527,319 10,527,319
Balance at 31 December 2010  10,099,780 9,608,355 10,527,319 30,235,455
Transfer to MTOF    (10,527,319)  
Plenishment of reserves 15  12,727,319   
Utilisation of reserves 15  (5,488,647)   Saving on prior years obligations 15  4,688   WCF transactions  14 25,455    Surplus/Deficit of the year 16   739,756  
Balance at 31 December 2011  10,125,235 16,851,715 739,755 27,716,706
 WT/BFA/W/280 
Page 44  
 
   
Table 24.
 Cash Flow Statement (indirect method) 
WORLD TRADE ORGANIZATION 
AS AT DECEMBER 31, 2011 (CHF)  
 
Cash flows from operating activities 2011 2010
   
Surplus from ordinary activities 739,756 10,527,319
Surplus allocated to reserves (10,527,319) (1,036,988)(Increase) / decrease in recei vables (3,437,4 12) (657,290)
(Increase) / Decrease in in ventories (113,322) 179,899
Increase / (Decrease) in paya bles 7,738,230 (4,087,793)
Increase / (Decrease) in provisi ons for arrears and outstanding obligations (5,405,678) (3,853,394)
Increase / (Decrease) in provisions for employee benefits 6,476,249 2,593,700Increase / (Decrease) in trust fu nds balance 7,127,591 (5,508,070)
Increase / (Decrease) of the Working Capital Fund 25,455 28,558Increase / (Decrease) in re serves 7,243,360 160,321
   
Net cash flows from operating activities 9,866,909 (1,653,737)
   
Cash flows from investing activities (32,827,342) (6,317,662)
   
Net Cash flows from investing activities (32,827,342) (6,317,662)
   
Cash flows from financing activities 34,148,517 7,450,000
   
Net cash flows from financing activities 34,148,517 7,450,000
   
Net Increase /(Decrease) in cash and cash equivalents 7, 622,850 (521,398)
   
Cash and cash equivalents at beginning of period 58,164,091 58,685,489
   
Cash and cash equivalents at end of period 65,786,941 58,164,091 WT/BFA/W/280 
 Page 45 
 
 
  D. Notes to the financial statements 
1. Note 1 2011 Progress status on the IPSAS and building projects 
(a) IPSAS Project Update 
97. In May 2009, the General Council adopted th e International Public Sector Accounting 
Standards (IPSAS) implementation project plan w ith the objective of issuing IPSAS compliant 
financial statements for the 2012 reporting period. 
98. IPSAS reflect international best practice for accrual based accounting and financial reporting 
for governments, not for profit and public sector or ganizations.  The implementation of independent 
and internationally recognized standards will provi de Members with better financial information 
which shall improve the management of resources and provide greater transparency. 
99. The WTO follows a progressive implementation approach.  Similarly to 2010, the main 
impact on the 2011 financial statements concer ns employee benefits.  In 2011, the WTO has 
completed its provision for untaken annual le ave, leading to a one time expenditure of 
CHF 5,871,780.  At year-end, employee benefits including education grants, home leave, untaken 
annual leave and family allowances are accounted for. 
100. Long-term benefits including removal costs for in ternational staff, separation grants, pension 
benefits and after health service care are disclosed in the notes to the financial statements.  They will 
have to be accounted for in the 2012 financial statements, leading to a degradation of the WTO 
financial situation.  The 2011 actuarial  valuation (compliant with IPSAS 255) amounts to 
CHF 845,012,000 for pension obligations and CHF 243, 055,000 for after service health insurance 
obligations.  The fair value of the pensi on plan asset is estimated at CHF 349,762,000. 
(b) Building project 
101. The building project aims at renovating and expa nding existing facilities in order to house the 
entire WTO Secretariat at its current site .  It includes the following operations: 
Table 25. Building Project 
 Total Estimated 
amount Financing Project 
owner Planning 
Renovation of the 
CWR  45 million CHF Swiss Authorities Grant FIPOI January 2009 to July 2012 
Intra-muros  extension 20 million CHF Swiss Authorities Interest 
free loan WTO July 2010 to December 2012
Extra-muros  extension 40 million CHF Swiss Authorities Interest 
free loan WTO March 2011 to 
December 2012 
Parking  10 million CHF Swiss Authorities Grant WTO March 2011 to 
December 2012 
Common Facilities 
project 21.3 million CHF6 WTO WTO January 2011 to 2013 
Security Perimeter  8 million CHF7 Swiss Authorities Grant FIPOI 2013 
Offices rental 15 million CHF Swiss Authorities Grant FIPOI January 2009 to 
December 2012  
 
 
                                                      
5 International Public Sect or Accounting Standards. 
6 Estimation as of 31 March 2012. 
7 First estimation still to be confirmed.  WT/BFA/W/280 
Page 46  
 
  102. Regarding intra-muros  and extra-muros  extension (including parking), the amount of invoices 
paid at 31 December 2011 is respectively of CH F 15,115,254 and CHF 24,530,747.  In parallel, the 
amount of the interest free loan received is CHF 15,535,000 for the intra-muros  project as well as a 
transfer of fund from the renovation project of CHF 979,117.  For the extra-muros  project, 
CHF 21,815,560 of the loan a nd CHF 3,768,841 of the parking grant have been received. 
2. Note 2 Accounting policies 
103. The WTO financial statements disclose the financial activities of both the regular budget and 
Trust funds. 
(a) Basis of Preparation 
104. These accounts are maintained in accordance with the Financial Regulations and Rules of the 
WTO, as adopted by the General Council (WT/L/156 /Rev 2 and WT/L/157/Rev 1), and in accordance 
with conditions of service applicable to the staff of the WTO Secretariat as adopted by the General 
Council (WT/GC/W/102/Rev. 1).  Accounts are mainta ined on a fund basis.  A General Fund and a 
Working Capital Fund, supplemented when approp riate by Trust funds, have been established in 
accordance with Chapters V, VI and VII of the Financial Regulations. 
(b) Financial Year 
105. The financial period consists of one calendar year, from the 1
st of January to the 31st of 
December. 
(c) Currency 
106. Accounts are maintained in Swiss francs (CHF).   Contributions from Members and Observers 
are assessed in CHF.  Contributions received in a currency other than CHF are converted and credited 
at the bank rate of exchange applicable at the value date.  Transactions denominated in foreign 
currencies (other than assessed c ontributions), are converted into CHF using the official United 
Nations exchange rate at the date of the tran saction.  At the end of each month, bank accounts 
denominated in foreign currencies are converted to CHF equivalent using the official United Nations 
exchange rate of the month. 
(d) Statement of Financial Performance 
107. Revenue and expenses are accounted for on a modified accrual basis: 
(ii) Revenue: 
 Contributions from Members and Observers are accounted for on an accrual basis. 
 Voluntary contributions to Trust funds are recognised up to the amount expensed in 
the period.  The balances of unspent volunt ary contributions that relate to future 
periods are deferred accordingly as a balance due to donors. 
 Sales of publications, souvenirs and royalti es as well as the rental of meeting rooms 
are accounted on an accrual basis. 
 Savings on prior year's outstanding obligations are accounted for when the balance of 
any appropriations relating to the last financial period has not been used. 
 Financial interest is accounted for on an accrual basis. 
 Refunds of prior year's expenditure are recorded as revenue.  WT/BFA/W/280 
 Page 47 
 
 
  (iii) Expenses: 
 Staff expenditures are accounted for on a modified accrual basis.  Salary, pension 
plan and health insurance contributions , overtime and selected employee benefits, 
(such as allowances for dependent spouse,  education grants, home leave and the 
untaken leave balance) are accounted for on an accrual basis.  All long-term liability 
employee benefits including those requiring actuarial valuation such as pension plan 
liability and after service health benefits are disclosed in the notes to the financial 
statements. 
 Other expenditures, including purchase of goods and services from suppliers, travel 
expenses and special service agreements with  consultants, are accounted for when 
committed. 
 Outstanding obligations at year-end are expensed.  A specific provision for reserve 
for obligations outstanding as at year-end is  identified in the statement of financial 
position. 
 Prepaid expenditures relating to invoices paid for which the service has not been 
delivered at year-end are not expensed and ar e recorded in the statement of financial 
position. 
 Provision for contributions in arrears and the write-off and adjustment of publications 
inventories are recorded in the statement of financial performance. 
 An overhead fee representing 13 per cent of the direct cost is levied on all trust funds 
and transferred to the Programme Support Fund in accordance with the decision of 
the General Council (WT/GC/M32). 
(e) Statement of Financial Position 
 Property Plant and Equipment (PPE) are not recognized as assets but are fully 
expensed at the time of acquisition. 
 Inventories are either produced in-house or purchased from suppliers.  Inventories 
held for sale, such as publications and souvenirs, are either in-house publications 
valued at cost of ink and paper or purch ased inventory valued at the purchase price, 
including shipping costs.  Write-off of inve ntories is booked for obsolete publications 
through the statement of financial performance. 
 Advances paid to partner organizations to  execute technical assistance activities are 
recorded as prepayments until the receipt of the final expenditure statements. 
 Provision for outstanding contributions from Members and Observers is booked 
through the statement of financial performance according to the following method: 
Table 26. Level of Provisions on Outstanding Contributions 
Members and Observers with outstanding 
contributions at year-end Level of the provision 
> 3 years 100% 
> 2 years 75% 
> 1 year 50% 
≤ 1 year 0% 
 
108. Any balance left in a multi-donor and revolving trust fund at year-end is shared between 
donors on a pro-rata  basis (i.e. according to their share in the total funds made available).  An 
exception to this is where there is earmarking and/or  special conditions attached by a donor in such a 
fund.  In that case that donor's share is calcu lated according to the conditions imposed (and/or 
earmarking) before prorating the remaining amount  amongst the other donors who did not attach any 
conditions.  A donor's contribution may be considered as fully used in the following cases:  WT/BFA/W/280 
Page 48  
 
  (i) remaining amount less than CHF 20,000 in a revolving fund;  (ii) the terms of the special 
conditions state the contribution amount as a maximu m participation to finance a multi-donor project 
and stipulate an implementation period (i .e. an end date for a revolving fund). 
(f) Statement of Changes in Net assets/Equity 
 Reserves for different operating funds and the reserve for the Doha Development 
Agenda Global Trust fund are created follo wing decisions of the General Council. 
 The utilisation of any accumulated surplus ba lance has to be adopted by the General 
Council, in accordance with Regulati on 26 of the Financial Regulations. 
(g) Cash Flow Statement 
109. The Cash Flow statement is prepared using the indirect method. 
(h) Financial risks policy 
110. The Organization is exposed to limited financ ial risks, in accordance with its Financial 
Regulations and Rules (WT/L/156/Rev.2). 
(i) Counterparty risk: 
 The conservation of capital is the primary obj ective when investing funds.  In order to 
limit the counterparty risk, funds are depos ited with at least two internationally 
recognized financial institutions with rating equivalent to A+ or better. 
 (ii) Foreign currency exchange risk: 
 The exposure to the foreign exchange rate ri sk is reduced by maintaining all funds in 
CHF, the Organization's base currency.  The holding of funds in other currencies is 
permitted only to cover actual or anticipated commitments in those currencies.  Funds 
held in foreign currencies shall not exceed the sum of the actual commitments and the 
anticipated commitments for the next 12 m onths.  Speculation on exchange rates is 
strictly forbidden. 
 
(iii) Interest and market risks: 
 Interest and market risks are also very limited as speculation on interest rates is 
strictly forbidden and cash balances retained by the Secretariat can only be invested 
through the following means:  i) Interest bearing account;  ii) Bank term deposit of up 
to a maximum duration of 24 months;  iii) Straightforward money market investment 
funds, all with an overall rating equivalent to A+ or better. 
 
(iv) Liquidity risk: 
 The level of funds available shall be mainta ined to meet the payment requirements of 
the Secretariat.  The investment dura tion shall take into account the timing 
uncertainties on the receipt of Members contributions and the cash-flow requirements.  
Borrowing cannot be contracted with banks. 
  WT/BFA/W/280 
 Page 49 
 
 
  (i) Building project accounting 
111. The expenditure relating to the building project is accounted as follows: 
(a) Expenditure financed by the Swiss Authorities (either with an inte rest free loan or a 
grant) is accounted in the Statement of Fi nancial Position, under the line "Work in 
Progress".  Expenditure is recognised upon invoicing. 
(b) Expenditure financed by the Member's Transition Operating Fund (MTOF) is 
accounted in the Statement of Financial Position, as a decrease in the MTOF.  Expenditure is recognised upon commitment. 
(c) Expenditure financed by the regular budge t is accounted for in the Statement of 
Financial Performance.  Expenditure  is recognised upon commitment. 
3. Note 3 Cash and cash equivalents 
Table 27. Cash Situation 
Cash and cash equivalent 2011 2010 
Cash in hand 10,000 10,000
Cash at bank by currency:   
CHF 60,810,534 54,394,783
USD 3,988,964 3,084,215
EUR 890,634 626,205
GBP 86,809 48,887
Total cash at bank 65,776,941 58,154,091
Total cash and cash equivalent 65,786,941 58,164,091
 
112. The total amount of cash and cash equiva lents is CHF 65,786,941.  It includes 
CHF 10,086,542 related to the Wo rking Capital Fund.  Bank accounts are held with UBS, 
Crédit Suisse and the Swiss Post Finance Bank. 
113. At 31 December 2011, there are no short term investments.  In 2010, WTO has opened a 
deposit account whose terms have been negotiated with the bank.  It results in a higher interest rate 
than would have been obtained from short term inv estments.  The balance of this deposit account is 
CHF 28,329,346 as at 31 December 2011. 
4. Note 4 Receivables from Members, Observers and Donors 
114. Receivables from Members, Observers and Do nors represent unpaid contributions of 
CHF 25,856,798 for Members, CHF 1,067,818 for Observers and advances due to the Working 
Capital Fund of CHF 29,756.  The details for Me mbers and Observers are presented in schedules B 
and C, respectively.  The receivables from donors correspond to a 2011 contribution for the DDAGTF 
received at the beginning of 2012. 
115. The provision for outstanding contributions amounts to CHF 14,965,424 as at 
31 December 2011 versus CHF 15,895,347 as at 31  December 2010.  This decrease of CHF 929,923 
is recorded as a decrease of the provision for contri butions in arrears in the statement of financial 
performance. WT/BFA/W/280 
Page 50  
 
  Table 28. Provision for Arrear s from Members and Observers 
 2011 2010 
Provision for arrears from Members 14,058,881 14,817,879
Provision for arrears from Observers 906,544 1,077,468
Total provision 14,965,424 15,895,347
 
116. The WTO has approved payment plans with 10  Members with total arrears amounting to 
6.9 MCHF as at 31 December 2011.  As part of approved payment plans with Members and in 
accordance with Financial Regulation 18.2, pre-1988 contributions have been reduced by 
CHF 609,999 and this reduction has been accounted fo r in the statement of the financial performance. 
5. Note 5 Inventories 
Table 29. Inventories 
Inventories  2011 2010 
WTO publications and co-publications 372,126 224,142
Non WTO publications 74,685 94,598
Souvenirs 32,774 47,523
Subtotal inventories (including adjust ments and write offs) 479,585 366,262
Adjustments 8,717 (6,004)
Write offs (48,147) (132,197)
Total Adjustments and write offs (39,430) (138,201)
 
117. Inventories consist of WTO publications, co -publications, other non-WTO publications and 
souvenirs held for sale.  Starting 2011, part of the WTO publications and co-publications is held at our 
distributor storage. 
118. The adjustment corresponds to the reconciliati on between the value of the inventory in the 
financial accounts and the value of the actual p hysical inventory.  As in 2010, the amount of 
adjustment is less than 2 per cent of the total invent ory.  It has remained at the same level with the 
introduction of a new storage place.  For information, the industry figures range around 5 per cent of discrepancy. 
119. Write-offs relate to obsolete inventories.  The write off policy has been revised in 2011.  
Obsolete publications are identified by making a title by title analysis based on statistics of the last 
three years sales and distributions.  The amount of  write off has significantly decreased this year, 
representing 8 per cent of the total value of the pub lications inventory versus  26 per cent in 2010.  WT/BFA/W/280 
 Page 51 
 
 
  6. Note 6  Other receivables 
Table 30. Other Receivables 
Other receivables 2011 2010 
Staff advances for salary, travel and education grant 2,365,981 2,398,396
Recoverable United States taxes 2,272,012 3,997,814
Recoverable Swiss taxes 101,061 99,611
Various other receivables  3,255,865 2,126,806
Total other receivables 7,994,918 8,622,627
 
120. Staff advances made for education grants  represent CHF 2,358,205 of the total of 
staff advances. 
121. Staff remunerated by the Organization is exempt ed from income taxes.  However, the United 
States requires its citizens and residents to file an d pay tax worldwide.  When a staff member is 
obligated to pay income tax to the United Stat es, the WTO provides advances for estimated tax 
payments and reimbursements for actual tax paymen ts and subsequently asks for a reimbursement 
from the United States Government in conformity with an Agreement between the WTO Secretariat 
and the United States of 22 December 2000. 
122. The method of reimbursement applied by the Un ited States Government is different from the 
method applied by the WTO Secretariat.  The latter has been validated by the Administrative Tribunal 
of the International Labour Organization.  The di fference in reimbursement methods results in an 
expenditure for the WTO amounting to CHF 160,101 in 2011 and CHF 85,150 in 2010. 
123. As an International Organization, the WTO is exempted from Swiss taxes such as value added 
tax (VAT), federal stamp duty and tax on the inte rest earned on investments.  Annually the WTO 
Secretariat files a tax reimbursement claim to the Swiss authorities. 
124. Other receivables include advances paid rela ted to trust funds for CHF 1,571,795 at 
31 December 2011 as well as the reimbursement of part of the 2011 ITC contribution amounting to CHF 1,461,646. 
7. Note 7 Prepayments 
125. Prepayments are made before the reception of a good or the rendering of a service.  They 
correspond mainly to annual subscription costs travel  costs for missions and home leave that will be 
held in 2012. 
8. Note 8 Building project  
Table 31. Building Project 
 Total Estimated 
amount (CHF) Expenditure as of 
31 December 2011 
(CHF) Financing received as of 
31 December 2011 (CHF) 
Intra-muros  
extension 20,000,000 15,114,25615,535,000 of interest free loan and 
979,117 of transfer from renovation 
project 
Extra-muros  
extension  40,000,000 24,530,74721,815,560 of interest free loan 
Parking  10,000,000 3,768,841 of grant  WT/BFA/W/280 
Page 52  
 
  9. Note 9 Payables 
Table 32. Payables 
Payables 2011 2010 
Suppliers 4,617,576 3,195,371
WTO staff, consultants and interns 583,625 793,529
Other payables  37,699 195,995
Total payables 5,238,900 4,184,895
 
126. Payables to suppliers and staff at year-end reflect amounts expensed in 2011 for which 
settlement has been effected in 2012. 
10. Note 10 Contributions paid in ad vance by Members and Observers 
127. Contributions paid in advance by Members and Observers at 31 December 2011 consist of 
advance payments received and inter est earned and due to Members.  
Table 33. Contributions paid in Advance by Members and Observers 
Contributions paid in  advance by Members 
and Observers  2011 2010 Reference 
Contributions paid in advance by Members and 
Observers 7,358,261 634,436 Schedule B 
Interest earned through the Early Payment 
Encouragement Scheme 296,500 336,100 Schedule A 
Total contributions paid in advance  
by Members and Observers 7,654,761 970,536  
 
128. The General Council introduced a system to en courage early payment of contributions.  The 
annual interest earned on the current year's contri butions is refunded to Members on the basis of 
calculations which take into account the amount and date of payment.  The interest refund earned by a 
Member in a given year is deducted from the Member 's contribution due two years later.  The amount 
of CHF 296,500 is the interest earned by Member s in 2011 (CHF 144,352) and 2010 (CHF 152,148). 
11. Note 11 Provision for obligations  outstanding as at year-end 
129. All year-end valid outstanding commitments, in accordance with the Financial Rules, are 
recorded as expenditure.  The counterpart is a provi sion for outstanding obligations in anticipation of 
expected payments to be made. 
130. The provision for obligations outstanding at 31 December 2011 amounted to CHF 4,909,637 
with respect to the WTO Secretariat, CHF 5,285 for the Appellate Body and its Secretariat and CHF 4,965,555 for trust funds. 
12. Note 12 Employee benefits 
131. The table below lists all employee benefits (except for pension and after service health 
insurance) as well as their accounting method as of 31
st December 2011.   WT/BFA/W/280 
 Page 53 
 
 
  Table 34. Employee benefits 
 2011 
provision 
(CHF) Amount of provision 
accounted in the 2011 FS  2010 
provision 
(CHF) Amount of provision 
accounted in the 2010 
FS 
(CHF) % (CHF) % 
Dependency allowance   50 000 50 000 100 50 000 50 000 100
Untaken annual leave  9 932 280 9 932 280 100 9 725 321 4 060 500 41.8
Education grant  1 179 100 1 179 100 100 1 186 400 1 186 400 100
Home leave  1 145 400 1 145 400 100 1 075 500 1 075 500 100
Removal indemnity 3 068 043 0 0 3 010 702 0 0
Separation grant 13 512 195   541 869 4 11 087 494 NA NA
Total 28 887 018 12 848 649 44,5 26 135 417 6 372 400 24,4
 
132. The provision for dependency allowance is est ablished to cover financial support given to 
staff dependants (spouse and children). 
133. At year end, the provision for untaken annual l eave corresponds to the total leave balance due 
to regular and temporary staff at the end of the y ear.  In 2010, the amount accounted in the financial 
statements included only untaken annual leave for re gular employees with an accumulated balance of 
more than 20 days and for temporary staff for their total balance. 
134. The provision for education grant is established to cover the expenditure associated with the 
first four months of the school year through December that will be settled at the end of the school year 
in the following summer. 
135. The provision for home leave is established to c over the liability incurred by all eligible staff 
in a given year for their home leave.  Staff entitle d to home leave may return to their home country 
every other year. 
136. International staff going back to their home country is entitled to removal indemnity.  The 
estimated amount of the provision is based on the following assumptions: 
 An average unit cost of the removal/indemn ity of CHF 17,400 (over the past eleven 
years). 
 57.8 per cent of international staff has been  returning to their home country (over the 
past twelve years). 
 A discount rate of 0.95 per cent corresponding to a 10 year Swiss bond rate. 
 A retirement age of 62.5 years old. 
137. Eligible staff receive separation grant at the end of their employment contract.  The separation 
grant of CHF 541,869 (accounted in the 2011 Financia l Statements) corresponds to accruals regarding 
ex-employee who have already left the Organization at year-end.  In 2010, these accruals were 
recorded under "provisions for outstanding obligations". WT/BFA/W/280 
Page 54  
 
  Table 35. Separation Grant Benefits 
 2011 
Actualised amount 
(0,95% discount rate) 2010 
Actualised amount 
(2% discount rate) 
Separation grant benefits for local staff 2,349,767 2,010,092
Separation grant benefits for international staff 10,620,559 9,077,402
TOTAL 12,970,326 11,087,494
 
138. As of 31 December 2011, the WTO has an estimated liability for its Pension Plan amounting 
to CHF 845,012,000.  The value of the pension plan asset is CHF 349,762,000 and the net liability is 
CHF 495,251,000. 
139. As of 31 December 2011, the WTO has an estim ated liability for its after-service health 
insurance amounting to CHF 243,055, 000.  The WTO has no plan asset to cover the liability.  These 
valuations are based on the key following actuarial assumptions: 
Table 36. Actuarial Assumptions 
Discount rate 2,9% 
Long-term net of return on assets 5,2% 
Pension increases 1% 
Salary growth 2% as a base rate and promotional salary increase 
Inflation  1% 
 
13. Note 13 Trust funds balance due  to donors/deferred revenue 
140. The balance due to donors in all the trus t funds entrusted to the WTO amounts to 
CHF 23,005,684 at the end of 2011.   This balance represents defe rred revenue of CHF 22,982,352 
regarding unspent voluntary contributions received a nd contributions paid in advance of CHF 23,332.  
The balance is available to fund future trust funds activities.  It can also be reimbursed to donors at 
their request.  A detailed list by donor an d trust funds is presented in schedule F. 
141. The balance due to donors has increased by CHF 3,562,356 at the end of 2011: 
Table 37. Balance Due to Donors 
Balance due to donors as at 31 December 2010 19,443,328
Contributions paid in advance for 2011 activities (26,210)
Voluntary contributions r eceived in 2011 25,977,528
Reimbursement in 2011 (220,368)
Contributions paid in advance for 2012 activities 23,332
Interests on investments 55,896
Expenses incurred on Trust funds (schedule D) (22,247,822)
Balance due to dono rs as at 31 Decemb er 2011 23,005,684
  WT/BFA/W/280 
 Page 55 
 
 
  14. Note 14 Working Capital Fund 
142. Governments acceding to the WTO shall make an advance to the Working Capital Fund 
(WCF) in accordance with the scale of contributions applicable to the budget for the year of their 
accession.  The minimum advance to the Working Capital Fund amounts to 0.5 per cent of the 
principal of the Fund for countries or separate custom s territories whose share of the total trade of 
Members is 0.5 per cent or less.  The interest ear ned on the advances made by Members accrues to the 
Organization. 
143. No new Members have acceded to  the WTO in 2011.  One Member  has paid their advance to 
the Working Capital Fund, reducing the receiva bles by CHF 33,518.  The interest earned on 
investments and on the current account at 31 December 2011 amount to CHF 25,455. 
Table 38. Working Capital Fund Statement 
 
AS AT DECEMBER 31, 2011 (CHF)   
 2011 2010ASSETS   
Cash and cash equivalents 10,086,542 10,026,483
Receivables from Members 29,756 63,274Tax receivables 8,937 10,024 
Total assets 10,125,235 10,099,780
  
LIABILITIES AND CAPITAL FUND  
Advances made by Members 4,468,180 4,468,180
Interests earned  5,657,055 5,631,600  
Total liabilities and capital fund 10,125,235 10,099,780WT/BFA/W/280 
Page 56  
 
  15. Note 15 Reserves 
144. Reserves consist of the following operating funds established by the Members: 
Table 39. Reserves 
 Reserves (CHF) 
MTOF MOF DDAGTF ABOF TOTAL 
Balance 2009 8,051,716 0 1,000,000 396,318 9,448,034
Replenishment of reserves: 1,036,988 600,000  1,500,000 3,136,988
Saving on prior years obligations  47,106   47,106
Utilisation of reserves (1,809,445) (1,214,329) (3,023,773)
Balance 2010 7,279,259 647, 106 1,000,000 681,990 9,608,355
Replenishment of reserves: 10,527,319 600,000  1,600,000 12,727,319
Saving on prior years obligations    4,688 4,688
Utilisation of reserves (2,007, 803) (1,247,106) (2,233,738) (5,488,647)
Balance 2011 15,798,776 0 1,000,000 52,939 16,851,715
 
 Members' Transition Operating Fund (MTOF) 
145. This reserve has been created in 2008 to finance additional operating costs during the 
construction work and final installation cost s once the construction work is completed 
(WT/BFA/107).  In 2011, the Committee on Budget, Finance and Administration has decided to 
transfer the 2010 accumulated net surplus of CHF 10 ,527,319 to this Fund.  In 2011, CH F 2,007,803 
has been used for the South C ourtyard Conference Centre, the Atrium and the signage system. 
 Ministerial Operating Fund (MOF) 
146. The Ministerial Operating Fund (MOF) has been established in 1999 (WT/BFA/44) to reduce 
the burden of the costs associated with a Minister ial Conference by spreading its costs over several 
years with an annual appropriation funded through the WTO Secretariat budget.  The cost of the 
8th Ministerial Conference, held l ast December in Geneva, was CHF 1,853,732.  The total amount of 
the MOF (CHF 1,247,106) was used to finance it a nd the additional costs were financed by the WTO 
Secretariat budget (606,626 CHF). 
 Doha Development Agenda Global Trust fund (DDAGTF) 
147. This reserve has been created in 2001 to be  used as a buffer account associated with the 
operations of the Doha Development Ag enda Global trust funds (WT/GC/M/72). 
 Appellate Body Operating Fund (ABOF) 
148. This reserve was established in 1997 and is in tended to cover the variable costs of the 
Appellate Body linked to the number of cases brought  before the Appellate Body.  The fund is 
replenished through a specific line in the annual budget.  The fund has been partially used in 2011 
with total expenditure of CHF 2,233,738.  It  is left with a balance of CHF 52,939.  WT/BFA/W/280 
 Page 57 
 
 
  16. Note 16 Accumulated surplus 
149. The 2010 accumulated net surplus has been transf erred to the Members' Transition Operating 
Fund, following a recommendation of the Committee on Budget, Finance and Administration (WT/BFA/125) approved by the General Council. 
Table 40. Surplus Account 
 2011 Budget 2011 Actual* Difference 
Actual- Budget
 2011 Budget 
WT/BFA/120 2011 Financial 
statements  
INCOME    
Assessed contributions 194,300,000 194,300,000 0Miscellaneous income  1,703,900 1,201,875 (502,025)
Total 196,003,900 195,501,875 (502,025)
EXPENDITURE    
Expenditure  (196,003,900) (195,652,612) 351,288
Write-off and adjustment for inventories  (39,430) (39,430)
Provision for contribution in arrears  929,923 929,923
Total expenditure (196,003,900) (194,762,119) 1,241,781
    
    Surplus 2011 07 3 9 , 7 5 6  739,756
Accumulated surplus    
* excluding Trust Funds    
 
17. Note 17 Contributions assessed on Members 
150. Members' contributions are determined by th e scale of assessments approved annually by the 
General Council.  Contributions for 2011 were assessed on Members for the total amount of 
CHF 194,300,000 (WT/BFA/120).  The share to be contributed by each Member to the annual operating budget of the WTO is established on the basis of that country's, or separate customs territory's, international trade (imports plus exports ) in relation to the international trade of all WTO 
Members.  A minimum contribution of 0.015 per cent is applied to those Members whose share in the 
total international trade of all WTO Members is less than 0.015 per cent.  Details of Members' 
contributions are provided in schedule B. 
18. Note 18 Contributions of Observers 
151. Observers are assessed at a single rate each year, corresponding to the minimum contribution 
of a Member.  The 2011 assessment for an ob server amounted to CHF 29,145.  A total of 
CHF 903,495 has been collected from Observers in  2011.  There were no new Observers joining 
WTO in 2011.  When an Observer becomes a Member, its assessed contribution, for the year in which 
membership has been granted, is pro-rated.  Me mbership of the WTO can only be obtained only after 
settlement of all outstanding dues as an Observer.  Details of Observers cont ributions are provided in 
schedule C. WT/BFA/W/280 
Page 58  
 
  19. Note 19 Voluntary contributions 
152. Revenue from voluntary contributions to trust f unds is recognised up to the amount expensed 
in the period according to the accrual principle.  The details of voluntary co ntributions collected in 
2011 by fund and by donor are provided in schedule E. 
20. Note 20 Revenue from publications 
153. Revenue from publications includes the sale of  WTO publications, co-publications, other 
non-WTO publications and souvenirs through the bookshop located in the WTO Secretariat, WTO 
website and one distributor.  It also includes royalties from the sale of WTO publications or co-publications. 
21. Note 21 Savings on prior year's outstanding obligations 
154. After one year, unutilised provisions for outstandi ng obligations related to the regular budget 
are liquidated and recorded as revenue, in co mpliance with Regulation 23 of the Financial 
Regulations.  In 2011, the saving on the prior year's outstanding obligations amounted to 
CHF 353,123.  This amount does not include 2010 pr ovisions which have been carried forward in 
2011 for an amount of CHF 835,632. 
22. Note 22 Refund of prior year's expenditure 
155. The revenue generated by the refund of pr ior year's expenditure has decreased from 
CHF 1,224,807 in 2010 to CH F 246, 253.  This decrease is mainly  explained by the recording in 2010 
of the WTO portion of the 2008-2009 refunded surplu ses of the International Computing Centre and 
the International Trade Centre amounting to CHF 1,028,907. 
23. Note 23 Other revenue 
Table 41. Other Revenue 
Other revenue 2011 2010 
Interest on current accounts - WTO  0 0
Interest on investments and current accounts - Trust Funds 55,896 63,163
Rental of meeting rooms and office space 35,525 56,675
Miscellaneous 169,209 31,939
Total other revenue 260,630 151,777
 
156. The interests earned on current accounts are integrat ed in the calculation of the interest earned 
through the early payment encouragement scheme a nd returned to Members, hence generating no 
revenue for the Secretariat.  Schedule G provides the details on the interest related to trust funds by 
fund and donor. 
24. Note 24 Budgetary and trust funds expenditure 
157. The Statement of Financial Performance presen ts total budgetary expenditure for the WTO 
Secretariat, the Appellate Body and its Secretaria t and the trust funds.  For the WTO Secretariat and 
the Appellate Body and its Secretariat, details ar e provided in the budgetary report.  For the trust 
funds, additional information is provided in schedules D to H.  WT/BFA/W/280 
 Page 59 
 
 
  25. Note 25 Foreign currency exchange 
158. The activities of the Organization are exposed to fo reign exchange rate fluctuations.  The risk 
is limited as contributions and staff salaries are received and paid in CHF.  The transactions denominated in foreign currencies are mainly rela ted to voluntary contributions, funded training 
courses, seminars, symposia and workshops, and US  taxes.  In 2011, the loss on foreign exchange 
transactions amounted to CHF 485,740 mainly due to unfavourable exchange rate fluctuations with 
respect to the USD. 
26. Note 26 Property, plant and equipment 
159. The surface right of the land, on which the Centre William Rappard is built, has been 
registered on the 8
th of February 2010.  The on-going building project will significantly change the 
situation in the coming years.  The WTO will start recording property in 2012. 
160. Following the IPSAS progressive implementati on approach, WTO has started to build its 
2012 opening balance for fixed assets.  All the assets acquired individually with a value above 
CHF 5 000 or acquired through lots for individual items valued between CHF 2 500 and 5 000 will be 
recorded at their depreciated cost in the 2012 openi ng balance.  All assets acquired through lots above 
CHF 500 000 will be accounted for.  The table be low shows the purchase cost of the infrastructure 
and security equipment acquired since 2007 and the IT tangible equipment acquired since 2008.  
Table 42. Fixed assets (Gross value) 
Fixed assets (Gross value) Infrastructure IT Security Total 
Opening balance 2011 * 1,234,633 1,296,241 1,675,729 4,206,603
Acquisitions during 2011 3,916,584 565,670 301,870 4,784,124
Disposals during 2011 0 0 0 0
Closing balance 2011 5,151,217 1,861,911 1,977,599 8,990,727
*: The 2011 Opening balance has been restated for IT equipment due to activation of intangible assets linked to tangible IT 
assets and for Security equipment mainly due to additional information obtained regarding the existence of a warranty (no 
need to activate). 
 
161. The amount of CHF 3,916,584 for infrastructure acquisition includes the purchase of audio 
equipment as well as furniture mainly for the new conference centre for CHF 3,754,635.  This amount 
relating to the building project has been financed as follows: 
Table 43. Source of financing 
Source of financing 2010 2011 
 Budget MTOF TOTAL Budget MTOF TOTAL 
Invoices relating to 2010 
outstanding obligations 0 0 0 1,786,230 1,594,420 3,754,635
2011 Invoices   0    373,985* 
Provision for outstanding 
obligations  1,990,555 1,809,445 3,800,000 0 1,633,818* 2,053,168
*These two amounts correspond to the use of  MTOF reserves for CHF 2,007,803 (note 15). 
 
27. Note 27 International Trade Centre 
162. The International Trade Centre UNCTAD/WTO (ITC) is the joint technical co-operation 
agency of the United Nations (UN) and the World Trade Organization (WTO) for trade related 
technical assistance (TRTA).  The Executive Direct or of ITC, who is jointly selected by the WTO 
Director-General and the UNCTAD Secretary-Genera l, reports to the executive heads of the two WT/BFA/W/280 
Page 60  
 
  Organizations and is accountable to them.  The IT C governance is based on a Joint Advisory Group 
(JAG) comprised of representatives of UNCTAD Member States and representatives of WTO Members.  The JAG is responsible for advising on the work programme and activities of the Centre 
and reports to the UNCTAD and WTO governing bodies.  The ITC Regular Programme budget is jointly and equally funded by the WTO and the UNCTAD.  The annual contribution to the ITC 
budget is part of the WTO budget.  The WTO does not recognise in its financial statements its share 
of ITC's assets, liabilities, revenue and expenses.  ITC's audited biannual financial statements can be 
obtained directly from the ITC.  WT/BFA/W/280 
 Page 61 
 
 
  E. Schedules 
1. Schedule A 2011 Early Payment Encouragement Scheme 
Table 44.  Interest to be distributed to Members in 2013 
Members Interests
AGO Angola 348 
ALB Albania 55 
ARE United Arab Emirates 1,219 
ARG Argentina 475 
ARM Armenia 13 
AUS Australia 2,497 
AUT Austria 2,340 
BEL Belgium 4,015 
BEN Benin 11 
BFA Burkina Faso 19 
BGD Bangladesh 123 
BGR Bulgaria 384 
BHR Bahrain 184 
BLZ Belize 19 
BRA Brazil 1,171 
BRB Barbados 18 
BRN Brunei Darussalam 80 
BWA Botswana 52 
CAN Canada 6,826 
CHE Switzerland 2,851 
CHL Chile 337 
CHN China 5,077 
CMR Cameroon 33 
COL Colombia 413 
CPV Cape Verde 28 
CRI Costa Rica 190 
CUB Cuba 95 
CYP Cyprus 117 
CZE Czech Republic 1,587 
DEU Germany 20,295 
DNK Denmark 2,029 
DOM Dominican Republic 45 
ECU Ecuador 195 
EGY Egypt 521 
ESP Spain 1,231 
EST Estonia 224 
FIN Finland 1,372 
FJI Fiji 3 
FRA France 7,604 
GBR United Kingdom 10,064 
GEO Georgia 12 
GHA Ghana 0 
GIN Guinea 9 
GRC Greece 16 
GTM Guatemala 130 
GUY Guyana 6 
HKG Hong Kong, China 5,806 
HND Honduras 60 
HRV Croatia 334 
HUN Hungary 1,109 
IDN Indonesia 1,440 
IND India 1,473 
IRL Ireland 1,369 
ISL Iceland 106 
ISR Israel 859 
ITA Italy 4,986 
JAM Jamaica 4 
JOR Jordan 139 
JPN Japan 7,079 
KEN Kenya 73 
KGZ Kyrgyz Republic 35 
KHM Cambodia 49 
KNA Saint Kitts and Nevis 8 
KOR Korea 2,646 
KWT Kuwait 223 
LCA Saint Lucia 2 
LIE Liechtenstein 55 Members Interests
LKA Sri Lanka 14 
LTU Lithuania 65 
LUX Luxembourg 752 
LVA Latvia 179 
MAC Macao 146 
MAR Morocco 307 
MDA Moldova (Republic of) 29 
MDG Madagascar 18 
MDV Maldives 33 
MEX Mexico 3,273 
MLI Mali 7 
MLT Malta 81 
MNG Mongolia 21 
MOZ Mozambique 43 
MUS Mauritius 64 
MYN Myanmar 34 
MYS Malaysia 2,132 
NAM Namibia 43 
NGA Nigeria 394 
NLD Netherlands 6,972 
NOR Norway 926 
NZL New Zealand 523 
OMN Oman 140 
PAK Pakistan 352 
PAN Panama 100 
PER Peru 21 
PHL Philippines 797 
POL Poland 2,069 
PRT Portugal 0 
PRY Paraguay 18 
QAT Qatar 201 
ROU Romania 683 
RWA Rwanda 18 
SAU Kingdom of Saudi Arabia 2,237 
SEN Senegal 34 
SGP Singapore 4,918 
SLV El Salvador 66 
SUR Suriname 0 
SVK Slovak Republic 619 
SVN Slovenia 414 
SWE Sweden 2,113 
SWZ Swaziland 6 
THA Thailand 2,351 
TON Tonga 22 
TPKM Chinese Taipei 3,599 
TTO Trinidad and Tobago 99 
TUN Tunisia 85 
TUR Turkey 1,777 
TZA Tanzania 0 
UGA Uganda 2 
UKR Ukraine 435 
URY Uruguay 17 
USA United States of America 1,065 
VCT Saint Vincent and the Grenadines 8 
VNM Viet Nam 642 
ZAF South Africa 1,181 
ZMB Zambia 1 
ZWE Zimbabwe 18 
 Grand Total 144,352 WT/BFA/W/280 
 Page 62 
 
 
  2. Schedule B Statement of Outstanding Co ntributions as 31 December 2011 – Members 
Table 45. Outstanding Contributions  as 31 December 2011 - Members 
Members  
Swiss Francs  
Contributions years Category 1969-2009 2010 2011 TOTAL Advance 
AGO Angola        
ALB Albania        
ARE United Arab Emirates     480,000  480,000   
ARG Argentina        
ARM Armenia        
ATG Antigua and Barbuda     29,102  29,102   
AUS Australia        
AUT Austria        
BDI Burundi **   712,912 28,410 29,145  770,467   
BEL Belgium        
BEN Benin     10,491  10,491   
BFA Burkina Faso     1,713  1,713   
BGD Bangladesh        
BGR Bulgaria        
BHR Bahrain        
BLZ Belize        
BOL Bolivia, Plurinational State of     54,404  54,404   
BRA Brazil        
BRB Barbados        
BRN Brunei Darussalam        
BWA Botswana        
CAF Central African Republic **   1,041,769 28,410 29,145  1,099,324   
CAN Canada       5,720,645 
CHE Switzerland        
CHL Chile       747,939 
CHN China        
CIV Côte d'Ivoire **   714,938 113,640 112,694  941,272   
CMR Cameroon     11,904  11,904   
COG Congo **   446,341 62,502 54,404  563,247   
COG Democratic Republic of the Congo **   729,444 28,410 62,176  820,030   
COL Colombia        
CPV Cape Verde        
CRI Costa Rica       133,390 
CUB Cuba       6 
CYP Cyprus        
CZE Czech Republic        
DEU Germany        
DJI Djibouti IV  375,140 28,410 29,145  432,695   
DMA Dominica II  26,653 28,410 29,145  84,208   
DNK Denmark        
DOM Dominican Republic    596,035  118,394  714,429   
ECU Ecuador      426   426   
EGY Egypt        
ESP Spain      2,540,706   2,540,706   
EST Estonia       188,257 
EU European Union *        
FIN Finland        
FJI Fiji      7   7   
FRA France        
GAB Gabon **    45,322 43,562 40,792  129,676   
GBR United Kingdom        
GEO Georgia        
GHA Ghana     88,105  88,105   
GIN Guinea        
GMB Gambia **    520,358 28,410 29,145  577,913   
GNB Guinea-Bissau IV  437,964 28,410 29,145  495,519   
GRC Greece        
GRD Grenada    25,350 29,145  54,495   
GTM Guatemala        
GUY Guyana     18,576  18,576    WT/BFA/W/280 
 Page 63 
 
 
  Members  
Swiss Francs  
Contributions years Category 1969-2009 2010 2011 TOTAL Advance 
HKG Hong Kong, China        
HND Honduras     9,320  9,320   
HRV Croatia        
HTI Haiti     29,139  29,139   
HUN Hungary        
IDN Indonesia        
IND India     745,716  745,716   
IRL Ireland        
ISL Iceland        
ISR Israel        
ITA Italy        
JAM Jamaica     59,565  59,565   
JOR Jordan        
JPN Japan/        
KEN Kenya        40 
KGZ Kyrgyz Republic       18,942 
KHM Cambodia     7,540  7,540   
KNA Saint Kitts and Nevis     1,585  1,585   
KOR  Korea, Republic of         
KWT Kuwait        
LCA Saint Lucia        
LIE Liechtenstein        
LKA Sri Lanka     12,431  12,431   
LSO Lesotho     29,130  29,130   
LTU Lithuania        
LUX Luxembourg        
LVA Latvia        
MAC Macao, China        
MAR Morocco        
MDA Moldova (Republic of)        
MDG Madagascar      119   119   
MDV Maldives        
MEX Mexico        
MKD Former Yugoslav Republic of Macedonia I  48,856 56,315  105,171   
MLI Mali     3,533  3,533   
MLT Malta        
MNG Mongolia      107   107   
MOZ Mozambique        
MRT Mauritania **   1,036,888 28,410 29,145   1,094,443   
MUS Mauritius        
MWI Malawi I  28,410 29,105  57,515   
MYN Myanmar     4,135  4,135   
MYS Malaysia        
NAM Namibia       44,646 
NER Niger  **    632,220 28,410 29,145  689,775   
NGA Nigeria     3,233  3,233   
NIC Nicaragua II  14,877 41,668 42,746  99,291   
NLD Netherlands        
NOR Norway        
NPL Nepal     29,110  29,110   
NZL New Zealand       444,406 
OMN Oman     68,945  68,945   
PAK Pakistan     1,174  1,174   
PAN Panama       5,675 
PER Peru       13,086 
PHL Philippines        
PNG Papua New Guinea     33,031  33,031   
POL Poland        
PRT Portugal        
PRY Paraguay       1,011 
QAT Qatar        
ROU Romania        
RWA Rwanda        830 
SAU Kingdom of Saudi Arabia        WT/BFA/W/280 
Page 64  
 
  Members  
Swiss Francs  
Contributions years Category 1969-2009 2010 2011 TOTAL Advance 
SEN Senegal     3,225  3,225   
SGP Singapore        
SLB Solomon Islands    6,124 29,110  35,234   
SLE Sierra Leone IV 1,172,049 28,410 29,145   1,229,604   
SLV El Salvador      95   95   
SUR Suriname     28,995  28,995   
SVK Slovak Republic        
SVN Slovenia        
SWE Sweden        
SWZ Swaziland        
TCD Chad IV 1,129,423 41,668 44,689  1,215,780   
TGO Togo **    202,428 28,410 29,145  259,983   
THA Thailand        
TON Tonga       29,126 
TPKM Chinese Taipei        
TTO Trinidad and Tobago        
TUN Tunisia        
TUR Turkey        
TZA Tanzania     60,159  60,159   
UGA Uganda        
UKR Ukraine     65,334  65,334   
URY Uruguay        
USA United States of America      7,240,158   7,240,158   
VCT  Saint Vincent and the Grenadines       497   497   
VEN Venezuela II  527,428 634,435 722,715   1,884,578   
VNM Viet Nam        
YUG Yugoslavia ***    830,439   830,439   
ZAF South Africa        
ZMB Zambia       10,232 
ZWE Zimbabwe        
 GRAND TOTAL 9 11,192,628 1,358,725 13,305,445  25,856,798  7,358,231 
*  No assessment is made in the European Union as such 
**   Member under payment scheme 
***  Former Contracting Party to GATT 1947 which is not WTO Member.  WT/BFA/W/280 
 Page 65 
 
 
  3. Schedule C Statement of Outstanding Co ntributions as 31 December 2011 - Observers 
Table 46. Outstanding Contributions as 31 December 2011 - Observers 
 Observers 
Swiss Francs 
Contributions years 1997-2009 2010  2011  TOTAL Advance 
AFG Afghanistan 29,145 29,145 
AND Andorra 12,088 12,088 
AZE Azerbaijan  
BHS Bahamas  
BIH Bosnia and Herzegovina  
BLR Belarus  
BTN Bhutan 7 7 
COM Comoros 2,396 2,396 
DZA Algeria  
ETH Ethiopia  
GNQ Equatorial Guinea 81,915 28,830 29,145 139,890 
IRN Iran 29,145 29,145 
IRQ Iraq  
KAZ Kazakhstan  
LAO Lao People's Democratic Republic  
LBN Lebanon 29,145 29,145 
LBR Liberia 22,497 28,830 29,145 80,472 
LBY Libya 12,897 28,830 29,145 70,872 
MNE Montenegro  
RUS Russian Federation  
SDN Sudan 279,951 28,830 29,145 337,926 
SRB Serbia (Republic of)  
STP Sao Tome And Principe 219,409 28,830 29,145 277,384 
SYC Seychelles 29,145 29,145 
SYR  Syrian Arab Republic  27,609 27,609 
TJK Tajikistan 315 315 
UZB Uzbekistan  
VAT Holy See  
VUT Vanuatu  
WSM Samoa  30
YEM Yemen 2,279 2,279 
 GRAND TOTAL 616,669 144,150 306,999 1,067,818 30WT/BFA/W/280 
Page 66  
 
  4. Schedule D Trust Funds Statements 
Table 47. Statement of Financial Position – Trust Funds 
 
AS AT DECEMBER 31, 2011 (CHF) 
 2011 2010 
ASSETS  
  Current assets  
Cash and Cash equivalents 24,691,951 23,982,677
Receivables from staff 65,497 75,340Receivables from donors 1,719,200  
Receivables from Implementing Partners 1,571, 795 1,501,730
Other receivables 
0 6,244
Prepayments 29,525 75,357
Total assets 28,077,967 25,641,347
  
LIABILITIES  
  Current Liabilities  
Provision for obligation outstanding at year end 4,965,555 6,198,019
Payable to staff 106,728 0Trust funds balance due to donors 23,005,684 19,443,328
Total liabilities 28,077,967 25,641,347 WT/BFA/W/280 
 Page 67 
 
 
   
Table 48. Statement of Financial Performance - Trust Funds 
AS AT DECEMBER 31, 2011 (CHF) 
 2011 2010 
REVENUE  
Operating Revenue  
Voluntary contributions on trust funds 22,191,926 29,426,701Interest on investment 55,896 63,163Other revenue 0 2
Total Revenue 22,247,822 29,489,866
  
EXPENSES  
Staff costs - Work years  6,781,903 6,280,007
Staff costs - Temporary assistance 1,190,044 1,597,197Consultants 544,951 540,825Internships 1,295,974 1,762,747Telecommunications and postal charges 250,351 329,373Rental of premises, maintenance and security 147,406 121,149Supplies - Office, Computing, Reproduction 210,306 339,270Training activities - Conference rooms 277,875 269,661Training activities - Air fares 3,663,638 5,530,980Training activities - Subsistence allowances 1,815,669 3,321,929Training activities - Hotels 1,916,196 2,615,215Training activities - Miscellaneous 419,729 486,804Sponsoring - Implementing partners 3,372,511 5,449,211Overheads shared with partners 320,863 749,127Other expenses 69,674 88,081Profit/Loss on exchange (29,268) 8,292
Total Expenses 22,247,822 29,489,867
 
163. The result of the financial performance on Tr ust funds is brought to zero as revenue is 
recognised up to the amount of expenses recognised dur ing the year.  All unspent balances are due to 
donors. 
164. The amount of total expenses less profit and loss on exchange (CHF 22,277,090) is different 
from the amount reported in the WTO statement of  financial performance under the line "Trust funds 
expenditure" for CHF 21,966,155.  This difference is the result of the consolidation process between 
the Trust funds, the WTO Secretariat and the Appe llate Body and its Secretariat.  The following 
reciprocal transactions are eliminated: 
 The compensation for the use of the Orga nization's resources for activities financed 
from Trust funds, representing 10 per cent of the expenses in the Programme Support Fund and recorded as revenue for the regular budget (214,935 CHF). 
 The renting of the office space by the S ecretariat of the Enhanced Integrated 
Framework to the regular budget (96,000CHF). 
  
  WT/BFA/W/280 
Page 68 5. Schedule E Voluntary Contributions Received in 2011 and 2010 per donor and by fund 
Table 49. WTO Trust Funds - Voluntary Contribu tions Received in 2011 and 2 010 per donor and by fund 
Funds TDA11   TIFES  TIMM   TMI 07  TMI 08  TNL05   TTFNG   TWB   TCLAP  TOTAL   
Donors 2011  2010 2011 2010  2011  2010  2010  2011  2011  2010 2011  2010  2011  2010  2011  2011  2010  
AUS Australia 1,803,600  1,952,400                           1,803,600  1,952,400 
AUT Austria 258,600  285,640                           258,600  285,640 
CAN Canada 944,276                        1,888,552      2,832,828  0 
CHE Switzerland                         500,000      500,000  0 
CHN China   200,300                       333,200  333,200  200,300 
CZE Czech Republic 23,746                             23746.2  0 
DEU Germany 1,237,500  1,438,500                     183,300  196,650    1,420,800  1,635,150 
DNK Denmar k 331,230  180,019     165,615                331,230  360,038    828,074  540,057 
ESP Spain 400,050  467,950                           400,050  467,950 
EST Estonia 26,209  28,932                         26,209  28,932 
EU European Union 1,187,500  1,574,550         5,381  87,495      206,720  241,280  399,511  250,229    1,881,226  2,071,440 
FIN Finland 1,228,000  1,364,000                     491,200  545,600    1,719,200  1,909,600 
FRA France 611,000  655,500     611,000  655,500                    1,222,000  1,311,000 
GBR United Kingdom                               0 0 
IRL Ireland   409,200     377,190  272,800              148,250  163,000    525,440  845,000 
JPN Japan 395,604  395,604                     187,398  291,471    583,002  687,075 
KOR Korea (Republic 
of) 322,350  344,400                           322,350  344,400 
LIE Liechtenstein 40,000  40,000                           40,000  40,000 
LUX Luxembourg                               0 0 
NLD Netherlands 1,472,990  1,472,990             94,701  818,330       981,997    1,567,691  3,273,317 
NOR Norway 1,593,626  1,784,440                 144,655  330,743  237,624  168,663    1,975,904  2,283,845 
NZL New Zealand   158,000                           0 158,000 
SWE Sweden 2,074,322  2,353,920                   143,909  1,008,210  1,011,318    3,082,532  3,509,147 
TPKM Taipei (Chinese) 184,200                        73,680  78,720    257,880  78,720 
USA United States of 
America 940,580  1,002,654                     89,600  256,500    1,030,180  1,259,154 
 UNOPS     3,343,015 2,790,508                        3,343,015  2,790,508 
Total Total 15,075,383  16,108,998 3,343,015 2,790,508  1,153,805  928,300  5,381  87,495  94,701  818,330 351,375  715,932  5,538,554  4,304,185  333,200  25,977,528  25,671,634 
 
TDDA Doha Development Agenda Global Tr ust Funds TNL05 Netherlands Trainees 
TIFES Enhanced Integrated Framework - Executive S ecretariat TTFNG Trade Facilitation - Negotiating Group 
TIMM Mission Internship Programme TWB STDF Standards and Trade Development Facility 
TMI07 7th Ministerial Conference - LDCs TCLAP China LDCs and Accessions Programme  
  
   WT/BFA/W/280
 Page 696. Schedule F Balance due to Donors as 31 December 2011 and 2010 
Table 50. WTO Trust Funds - Balance due  to Donors as 31 December 2011 and 2010 
FundsTCLAP
DonorsAdv 
2012 20112010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2011 2010
M embers:
Australia 1,281,510 991,769 2,052 4,867 131,474 160,680 1,415,036 1,157,317
Austria 197,845 172,770 5,461 12,957 203,306 185,726
Canada 479,440 101,094 22,447 53,254 1,609,840 80,251 2,111,727 234,598
China 52,253 113,894 333,777 386,030 113,894
Denmark 236,834 185,430 176,031 85,558 35,951 85,290 0 90,841 663,837 480,983 1,112,652 928,102
Estonia 23,332 26,209 23,332 26,209
European Union 00 0 0
Finland 928,678 797,945 18,781 44,557 707,358 374,727 1,654,817 1,217,229
France 539,426 565,429 908,818 685,023 1,448,244 1,250,452
Germany 967,488 871,867 303,803 188,407 1,271,292 1,060,275
Iceland 3,502 8,307 3,502 8,307
Ireland 208,076 453,533 591,271 465,835 12,131 28,779 51,085 50,811 278,520 192,437 1,141,082 1,191,395
Italy 22,636 27,665 22,636 27,665
Japan 298,955 256,387 303,784 184,273 602,739 440,660
Korea (Republic of) 241,762 205,042 241,762 205,042
Liechtenstein00
Lux em bourg 76,617 166,999 1,325 3,143 77,942 170,142
Netherlands 1,069,921 860,412 25,535 531,571 649,656 1,627,028 1,510,068
New Zealand 25,964 56,592 90,262 116,226 56,592
Norway 1,213,729 1,052,810 214,139 164,885 164,002 165,155 280,498 272,801 96,377 1,816,570 1,807,825
Romania 00
Spain 70,996 26,771 24,978 70,996 51,748
Sweden 1,576,385 1,363,134 144,753 343,417 74,482 74,082 34,338 88,366 1,462,800 780,471 3,292,759 2,649,471
Switzerland 46,027 12,363 29,331 41,313 41,092 567,356 194,723 621,033 311,174
Taipei (Chinese) 84,390 10,987 26,066 12,991 12,922 84,353 29,624 203,708 68,612
United Kingdom 26,307 62,411 2,519 2,511 56,232 55,931 63,467 163,326 153,486 187,582 302,011 471,759
United States 702,530 591,658 249,509 215,536 952,039 807,194
Organizations: 00
UNDP 00
UNOPS 1,132,858 1,533,969 1,132,858 1,533,969
World Bank Institute 00
Others: 00
Bureau Veritas International Ltd.17,703 17,68217,703
17,682
Cotecna International 
Ltd. 17,60917,588 17,609
17,588
Inchcape Testing 
Services Int'l Ldt.17,703 17,68217,703
17,682
Inspectorate G riffith Ltd. 17,70517,683 17,705
17,683
Société Générale de 
Surveillance S.A.17,543 17,52217,543
17,522
WTO Mem bers 129,527 1,077,081 1,219,070 521,149 1,077,081 1,869,746
Total 23,332 10,252,801 8,905,773 1,132,858 1,533,969 129,527 1,676,119 1,236,416 88,263 88,156 1,077,081 1,219,070 386,321 916,519 25,535 521, 149 2,519 2,511 400,988 514,658 262,961 532,190 7,343,128 3,843,391 333,777 23,004,683 19,443,328Total TDDA TIFES TIF TIMM IE EPSF TMI 08/07 TNL TTFHR TTFNA TTFNG TWB
 
TDDA Doha Development Agenda Global Trust Fund 
TIFES Enhanced Integrated Framework - Executive 
Secretariat 
TIF  Integrated Framework - Outreach Activities 
TIMM Mission Internship Programme 
IE Independent Entity   
EPSF Program Support Fund 
 TMI07 7th Ministerial Conference - LDCs 
TNL Trainee Programme 
TTFHR Trade Facilitation - Human Resources 
TTNA Trade Facilitation - National Needs 
Assessments 
TTFNG Trade Facilitation - Negotiating Group 
TWB STDF Standards and Trade Development 
Facility 
TCLAP China LDCs and Accessions Programme  
  
  WT/BFA/W/280 
Page 70 7. Schedule G Interest Earned in 2011 and 2010 
Table 51. WTO Trust Fu nds - Interest Earned in 2011 and 2010 
Funds TDDA  TIFES  TIF TIMM TMI 08/07 TNL TTFHR TTFNA TTFNG TWB TCLAP Total  
Donors 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2011 2010 
AUS Australia 1,873 2,581         11 16          472 922  2,356 3,520 
AUT Austria 480 562         29 43             509 605 
CAN Canada 1,139 393         119 178          4,432 461  5,690 1,032 
CHE Switzerland 66 179         66 98      165 158   705 1,118  1,002 1,553 
CHN China 163 168                      577 740 168 
CZE Czech Republic 0                            
DEU Germany 2,437 2,725                    675 675  3,112 3,401 
DNK Denmark 294 526       212 247 191 285       349   1,475 2,156  2,172 3,564 
ESP Spain 292 407                 68      292 475 
EST Estonia 36 40                       36 40 
EU European Union 1,536 2,111         3 11        128 448 669 230  2,336 2,800 
FIN Finland 1,146 1,951         100 149          1,105 1,435  2,351 3,534 
FRA France 1,014 1,335       1,838 962               2,852 2,296 
GBR United Kingdom  58         139 209   9 33 225 215 253 495 551 1,077  1,177 2,087 
HKG Hong Kong, China                             
IRL Ireland 649 1,404       1,355 1,064 64 96      205 195   704 862  2,977 3,621 
ISL Iceland            19 28             19 28 
ITA Italy  53                    81 159  81 212 
JPN Japan 560 592                    688 760  1,248 1,351 
KOR Korea (Republic of) 318 366                       318 366 
LIE Liechtenstein 18 46                       18 46 
LUX Luxembourg 239 650         7 11             246 660 
LVA Latvia                             
NLD Netherlands 1,990 2,738           244 1,610        1,909 3,096  4,143 7,445 
NOR Norway 2,856 3,918         478 715      660 631 513 443 381 355  4,888 6,062 
NZL New Zealand 81 125                       81 125 
ROU Romania  29                        29 
SVK Slovak Republic                             
SWE Sweden 3,430 3,925         767 1,147      298 285 137 145 4,323 3,541  8,955 9,043 
TPKM Taipei (Chinese) 4           58 87      52 50   90 18  204 155 
TUR Turkey                             
 UNDP         435                 0 435 
 UNOPS    6,174 6,389                   6,174 6,389 
USA United States of America 1,223 1,242                    696 834  1,920 2,076 
 World Bank Institute                        45   45 
 Total 21,843 28,124 6,174 6,389  435 3,406 2,273 2,051 3,073 244 1,610 9 33 1,605 1,952 1,031 1,531 18,957 17,742 577 55,897 63,163 
 
TDDA Doha Development Agenda Global Trust F und TTFHR Trade Facilitation - Human Resources 
TIFES Enhanced Integrated Framewor k - Executive Secretariat TTFNA Trade Facilitation - National Needs Assessments 
TIF Integrated Framework - Outreach Activ ities TTFNG Trade Facilitation - Negotiating Group 
TIMM Mission Internship Programme TWB STDF Standards and Trade Development Facility 
TMI07 7th Ministerial Conference - LDCs TCLAP China LDCs and Accessions Programme  
TMI08 8th Ministerial Conference - LDCs     
  WT/BFA/W/280 
 Page 71 
 
 
  8. Schedule H World Trade Organization - Program Support Fund 
Table 52. WTO Program Support Fund 
 2011 2010
Opening Balance 1,219,071 1,158,577
Income  2,543,161 3,399,602
Total income 3,762,232 4,558,179
Retrocession to other organizations 320,863 749,127
Salary costs  2,092,416 2,294,182
Payment of various overheads 56,937 36,800
Share of certain secretar iat cost 214,935 258,998
Total costs  2,685,150 3,339,107
Closing balance 1,077,081 1,219,071
 
 
Table 53. WTO Program Support Fund Actual Expenditure and Overheads  
Funds Actual expenditure Overheads 
CHF 
13% of actual expenses 
 2011 2010 2011 2010 
Doha Development Agenda Global Trus t Fund  12,167,227 16, 041,202 1,581,739 2,085,356
Enhanced Integrated Framework - Execu tive Secretariat  3,318,850 1,984,560 431,450 257,993
Mission Internship Progra mme  634,962 834,777 82,545 108,521
7th Ministerial Conference - LDCs  0 292  38
8th Ministerial Conference - LDCs  548,445  71,298  
Netherlands Trainee Programme  522,618 694,844 67,940 90,330
Trade Facilitation - Human Resources  0 24,453  3,179
Trade Facilitation - National Need s Assessments  (481) 180,787 (63) 23,502
Trade Facilitation - LDCs  550,119 510,717 71,515 66,393
Standards and Trade Development Fa cility  1,821,039 5,879,151 236,735 764,290
Other extra budgetary funds:  IE - Preshipment inspection (107) (25)   
Other extra budgetary funds:  Program support fund 2,364,287 2,589,981   
Total  21,926,960 28,740, 739 2,543,161 3,399,602
 WT/BFA/W/280 
Page 72  
 
   
Table 54. Overheads shared with other organizations 
Overheads shared with other organizations Retrocession amount 
 2011 2010 
STDF - ITC  (1,556) 36,718
STDF - FAO  4,857 95,881
STDF - World Bank (19,547) 118,242
STDF - ICCO  73,067
STDF - IICA  30,546 44,223
STDF - OIRSA  41,865
STDF - UNIDO 3,085  
STDF - UNESCAP 3,228  
STDF - UNCTAD  (18,625)
STDF - UNDP  20,206
TIFES - UNDP 53,179  
ICTSD  (158) 2,309
FLACSO Argentina 16 10,132
DDAGTF - Pacific Island Fo rum Secretariat 2,863 6,690
DDAGTF - UNESCAP  3,556
DDAGTF - University of Singapore  95,736
DDAGTF - University of Benin 65,409 68,420
DDAGTF - University of Colombia 55,732 74,430
DDAGTF - University of Swaziland 68,810 72,249
DDAGTF - University of India 47,622  
DDAGTF - IICA 5,847  
DDAGTF - UNECA 929 4,030
Total Retrocession 320,863 749,127
Total Expenses 22,247,823 29,489,866
Net Income - Programme Support Fund 
 (Overhead charges - Retrocession) 2,222,299 2,650,475
 
 
__________