UNCTAD

UNITED NATIONS CONFERENCE ON TRADE

AND DEVELOPMENT
 INTRODUCTION

 UNCTAD, which is governed by its 194 member

States, is the United Nations body responsible
for dealing with development issues,
particularly international trade – the main
driver of development.
 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 organisation
which will help to reduce the trade gap of
developing countries.
 The (UNCTAD ) was established in 1964 as a
permanent organ of the UN General Assembly.
 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.
 The major activities of UNCTAD

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.
These recommendations are based on the
following 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.
A review of the functioning of UNCTAD

 Eight function have been held under UNCTAD

 Given important role of primary commodities
and natural resources for developing countries
 It also took effort to stabilise and expand the
export earning of these countries .
 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 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 ...
Thank you