What is the United Nations Conference on Trade and Development (UNCTAD) and what is its role?

United Nations And Its Agencies Questions



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What is the United Nations Conference on Trade and Development (UNCTAD) and what is its role?

The United Nations Conference on Trade and Development (UNCTAD) is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Its role is to promote sustainable development, particularly in developing countries, through trade, investment, finance, and technology transfer. UNCTAD aims to help developing countries integrate into the global economy and address the challenges they face in trade and development. It provides research, policy analysis, technical assistance, and capacity-building support to member states, with a focus on promoting inclusive and equitable economic growth. UNCTAD also serves as a forum for member states to discuss and negotiate trade-related issues, advocate for the interests of developing countries, and contribute to the formulation of global trade and development policies.