United Nations Conference on Trade and Development


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Related to United Nations Conference on Trade and Development: United Nations Industrial Development Organization, United Nations Population Fund, CNUCED

United Nations Conference on Trade and Development

Also called UNCTAD. An organization created by the United Nations in 1964 and charged with increasing international trade and investment, especially in developing countries. It was responsible for implementing the Generalized System of Preferences, which exempted some developing countries from WTO trade requirements.

United Nations Conference on Trade and Development (UNCTAD)

an international institution which promotes the economic interests of DEVELOPING COUNTRIES by sponsoring INTERNATIONAL COMMODITY AGREEMENTS to improve export earnings on primary foodstuffs and minerals; by negotiating QUOTA and TARIFF reductions on developing countries' exports of manufacturers to the developed world; and by securing economic aid packages for its members.

United Nations Conference on Trade and Development (UNCTAD)

a multinational institution established in 1965 to represent the economic interests of the DEVELOPING COUNTRIES and to promote the ideals of the NEW INTERNATIONAL ECONOMIC ORDER.

Unctad's main work is undertaken at a series of conferences, held every four years, and has centred on three areas of particular concern to the developing countries:

  1. EXPORTS of manufactures, where it has attempted to negotiate TARIFF- and QUOTA-free access to the markets of the developed countries. This is in addition to those concessions obtained through the WORLD TRADE ORGANIZATION (WTO);
  2. exports of commodities, where it has promoted the extension of INTERNATIONAL COMMODITY AGREEMENTS aimed at stabilizing the export prices of primary products as a means of stabilizing developing countries’ foreign exchange earnings and producers’ incomes;
  3. ECONOMIC AID, where it has attempted to secure a greater volume of financial assistance and technology transfer from the developed countries.

So far, Unctad has achieved very little, mainly because developed countries have not been prepared to support Unctad initiatives to the fullest extent.

As a result of the growing foreign exchange problems and balance of payments difficulties of developing countries, the INTERNATIONAL MONETARY FUND has established a number of‘special’ funding facilities for those countries.

References in periodicals archive ?
EurOrient Financial Group Statement for the Special High-level Meeting of the Economic and Social Council ("ECOSOC") with the Bretton Woods Institutions, the World Trade Organization and the United Nations Conference on Trade and Development, 27 April 2009.
This year's World Investment Report from the United Nations Conference on Trade and Development focuses on the emerging role of developing and transition countries as sources of foreign direct investment.
He cited a study issued by the United Nations Conference on Trade and Development projecting that: Latin American exports will be strongly affected; international commodity prices will probably suffer; costs of shipping and insurance will rise; and capital flow to Latin America will probably be at a least 6% below the level of the year 2000.
This is the print version of a handbook from the United Nations Conference on Trade and Development that collects national and international statistical data relevant to the analysis of international trade, investment, and development.
The United Nations Conference On Trade And Development (UNCTAD) has developed a network on the Internet, the GTPNet (Global Trade Point Network) that links global members and offers general trade information to the public.
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