A Brief History of Unctad.

1096 Words Mar 7th, 2013 5 Pages
United Nations Conference on Trade and Developmement United Nations Conference on Trade and Development | Acronyms | UNCTAD | Head | Supachai Panitchpakdi | Status | Active | Established | 1964 | Headquarters | Geneva, Switzerland | Website | www.unctad.org |
The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 as a permanent intergovernmental body. It is the principal organ of the United Nations General Assembly dealing with trade, investment, and development issues.
The organization's goals are to "maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to into the world economy on an equitable basis." (from official website). The
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Phase 1: The 1960s and 1970s * In its early decades of operation, UNCTAD gained authoritative standing: * as an intergovernmental forum for North-South dialogue and negotiations on issues of interest to developing countries, including debates on the "New International Economic Order". * for its analytical research and policy advice on development issues. * Agreements launched by UNCTAD during this time include * | * * the Generalized System of Preferences (1968), whereby developed economies grant improved market access to exports from developing countries. * a number of International Commodities Agreements, which aimed at stabilizing the prices of export products crucial for developing countries. * the Convention on a Code of Conduct for Liner Conferences, which strengthened the ability of developing countries to maintain national merchant fleets. * the adoption of a Set of Multilaterally Agreed Equitable Principles and Rules for the Control of Restrictive Business Practices. This work later evolved into what is today known as "Trade and Competition Policies". * Furthermore, UNCTAD was a key contributor to: * the definition of the target of 0.7% of gross domestic product (GDP) to be

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