{"id":20933,"date":"2025-03-15T02:58:04","date_gmt":"2025-03-14T21:28:04","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=20933"},"modified":"2025-04-06T08:38:25","modified_gmt":"2025-04-06T03:08:25","slug":"unctad-upsc","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/unctad-upsc\/","title":{"rendered":"UNCTAD"},"content":{"rendered":"<h2>UNCTAD Latest News<\/h2>\n<p>UNCTAD warns of economic fragmentation, and stresses global cooperation to prevent trade disruption and ensure long-term growth.<\/p>\n<h2>About UNCTAD<\/h2>\n<ul>\n<li>Headquartered in Geneva, Switzerland, UNCTAD is a permanent intergovernmental body established by the <strong>United Nations General Assembly<\/strong> in 1964.\u00a0<\/li>\n<li>It supports developing countries to access the benefits of a globalized economy more fairly and effectively.<\/li>\n<li>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.<\/li>\n<li>It is part of the <strong>UN Secretariat<\/strong>. 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 <strong>United Nations Development Group<\/strong>.<\/li>\n<li><strong>Key Developments:<\/strong>\n<ul>\n<li>The first United Nations Conference on Trade and Development (UNCTAD) was held in <strong>Geneva in 1964<\/strong>.<\/li>\n<li>In 1989, the Agreement on the <strong>Global System of Trade Preferences among Developing Countries (GSTP)<\/strong> came into force. It provided for the granting of tariff as well as non-tariff preferences among its members. To date, the Agreement has been ratified by 44 countries.<\/li>\n<li>The conclusion of the <strong>Uruguay Round of trade negotiations under the GATT<\/strong> resulted in the establishment of the World Trade Organizationin 1995, which led to a strengthening of the legal framework governing international trade.<\/li>\n<li>It highlighted the need for a differentiated approach to the problems of developing countries. Its tenth conference, held in Bangkok in February 2000, adopted a political declaration \u2013 &#8220;<strong>The Spirit of Bangko<\/strong>k&#8221; \u2013 as a strategy to address the development agenda in a globalizing world.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Reports published by UNCTAD:<\/strong>\n<ul>\n<li>Trade and Development Report<\/li>\n<li>World Investment Report<\/li>\n<li>The Least Developed Countries Report<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>UNCTAD FAQs<\/h2>\n<p><strong>Q1. <\/strong>What does UNCTAD mean?<\/p>\n<p><strong>Ans. <\/strong>UNCTAD stands for United Nations Conference on Trade and Development.<\/p>\n<p><strong>Q2. <\/strong>Where is the UNCTAD headquarters?<\/p>\n<p><strong>Ans. <\/strong>The headquarters of UNCTAD is located in Geneva, Switzerland.<\/p>\n<p><strong>Q3. <\/strong>What is the UNCTAD used for?<\/p>\n<p><strong>Ans. <\/strong>UNCTAD promotes trade, economic development, finance, technology, investment, and sustainable development for developing countries.<\/p>\n<p><strong>Q4. <\/strong>Why was UNCTAD established?<\/p>\n<p><strong>Ans. <\/strong>UNCTAD was established in 1964 to address trade and economic development challenges faced by developing countries inadequately handled by existing institutions<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/business\/actions-taken-now-by-govts-businesses-to-shape-trade-resilience-for-years-unctad\/article69331340.ece\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964<\/p>\n","protected":false},"author":5,"featured_media":20934,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-20933","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/20933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=20933"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/20933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/20934"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=20933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=20933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=20933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}