UNCTAD

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT

INTRODUCTION

It was established in 1964. it is the principal organ of the United Nations general assembly. It deals with trade, investment and development issues.

It has 194 members

Its work can be summed up in three words: think, debate, and deliver.

The widening trade gap between the developed and developing countries.

The dissatisfaction of developing countries with GATT.

Then decided to start a new organization which will help to reduce the trade gap of developing countries.

FUNCTIONS

To promote international trade with a view to accelerating economic development.

To formulate principles and policies on international trade and related problems of economic development.

To negotiate multinational trade agreements. To make proposals for putting its principles and

polices into effect.

It include research and support negotiations for commodity agreements, technical elaboration of new trade activities designed to assist developing countries in the areas of trade and capital.

The major activities of UNCTAD

BASIC PRINCIPLES

Every country has the sovereign right freely to dispose of its natural resources

Economic relations between countries There shall be no discrimination on the basis of

difference in socio-economic systems.

Eight function have been held under UNCTAD Given important role of primary commodities

and natural resources for developing countries It also took effort to stabilize and expand the

export earning of these countries .

A review of the functioning of UNCTAD

In the process (UNCTAD) adopted a group approach to negotiations with (OCED) countries

And developing countries coming together under the age of group 77 to co-ordinate their positions.

China formed a separate group .

Role of UNCTAD

Despite the debates and disagreements (UNCTAD) played a key roll

The generalized system of preferences (GSP) A maritime shipping code Special international programs to help the

least developed countries and International aid targets.

During the break down of Bretton wood system, oil price shocks, inflation and accumulation of debt by developing countries

(UNICTAD) became a central forum for debates between the north and south.

Conclusion

Thus UNCTAD organization acts like a bridge between the developing and developed countries to increase their economy of the country ...