United Nations Development Program
Introduction to United Nations Development Program
United Nations Conference on Trade and Development (UNCTAD), permanent arm of the United Nations General Assembly. The conference, established in December 1964, followed an earlier meeting in which 120 nations participated in discussions of problems relating to international commodity markets and to trade as a primary instrument for economic development. The three-month deliberations were so useful that the General Assembly voted to continue them on a permanent basis.
The responsibilities of UNCTAD include promoting world trade among countries at different stages of development and with different social and economic systems; initiating action for negotiating and adopting multilateral trade agreements; and providing a center for harmonizing trade and development policies of governments and economic groupings such as the Latin American Integration Association (LAIA).
Membership in UNCTAD includes all members of the UN, plus several others holding membership in UN-affiliated agencies. Plenary sessions are held every few years, with interim activities directed by a 130-member Trade and Development Board that meets semiannually. The board has six main subsidiary committees: on commodities, on manufactures, on shipping, on invisibles (such as insurance and tourism) and financing related to trade, on transfer of technology, and on economic cooperation and integration among developing countries. UNCTAD headquarters is in Geneva.” (1)
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Notes and References
- Information about United Nations Development Program in the Encarta Online Encyclopedia