UNCTAD, Headquarter, Establishment, Reports, Latest News

Q: When and why was the United Nations Conference on Trade and Development established?

In 1964 – as a permanent intergovernmental body to address trade & development issues of developing countries

Table of Contents☰

United Nations Conference on Trade and Development Latest News

According to a new report by the United Nations Conference on Trade and Development (UNCTAD) developing countries could save nearly $500 billion annually if they were able to borrow at the same interest rates as developed economies.

About United Nations Conference on Trade and Development

It is a permanent intergovernmental body established by the United Nations General Assembly in 1964.
It supports developing countries to access the benefits of a globalized economy more fairly and effectively.
It provides economic and trade analysis, facilitates consensus-building and offers technical assistance to help developing countries use trade, investment, finance and technology for inclusive and sustainable development.
It is part of the UN Secretariat.
It reports to the UN General Assembly and the Economic and Social Council but has its own membership, leadership, and budget.
It is also part of the United Nations Development Group.
Members: 195 nations (including India)
Headquarter: Geneva, Switzerland
It helps countries to
- Comprehend options to address macro-level development challenges
- Achieve beneficial integration into the international trading system
- Diversify economies to make them less dependent on commodities
- Limit their exposure to financial volatility and debt
Reports published by UNCTAD
- Trade and Development Report
- World Investment Report
- The Least Developed Countries Report