UNCTAD

* The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 as a permanent intergovernmental body.

* Currently, UNCTAD has 194 member States and is headquartered in Geneva, Switzerland.

* It is the principal organ of the United Nations General Assembly dealing with trade, investment, and development issues.

GOAL:

> The organization's goals are to "maximize the trade, investment and development opportunities of developing countries and
> assist them in their efforts to integrate into the world economy on an equitable
basis."
> The creation of the conference was based on concerns of developing countries over the international market, multi- national corporations, and great disparity between developed nations and developing nations.

* The primary objective of the UNCTAD is to formulate policies relating to all aspects of development including trade, aid, transport, finance and technology.

* The Conference ordinarily meets once in four years.
* The first conference took place in Geneva in 1964, second in New Delhi in 1968, the third in Santiago in 1972.

* The Conference has its permanent secretariat in Geneva.

* One of the principal achievements of UNCTAD has been to conceive and implement the Generalised System of Preferences (GSP).

* Recently UNCTAD XIII was held in Doha, Qatar on 21–26 April 2012.
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