The World Intellectual Property Organization (WIPO) receives its income from a variety of sources, primarily from member states' contributions.
WIPO Income Sources:
- Member State Contributions: The majority of WIPO's income comes from contributions from its member states. These contributions are based on a complex formula that takes into account factors like a country's GDP and its level of intellectual property activity.
- Fees for Services: WIPO generates income by providing various services related to intellectual property, such as the registration of trademarks and patents, and the administration of international treaties.
- Other Income: WIPO also receives income from other sources, such as investments and grants.
WIPO Budget and Financial Management:
WIPO's budget is approved by its member states every two years. The organization is committed to transparent and efficient financial management, and its financial statements are audited annually by an independent external auditor.
WIPO's Financial Sustainability:
WIPO is a self-funded organization, meaning that it relies on its own income to cover its operating costs. This financial independence allows the organization to maintain its neutrality and impartiality in its work.
