UNCTAD

UNCTAD

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  UNCTAD UNITED NATIONS CONFERENCEON TRADE AND DEVELOPMENT
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  INTRODUCTION  UNCTAD, whichis 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.
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   The wideningtrade 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.
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  FUNCTIONS  To promoteinternational 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.
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  It include researchand 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
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  BASIC PRINCIPLES UNCTAD’S actionprogram and priorities have been laid down in the various recommendations adopted by the first conference in 1964.
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  These recommendations arebased 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.
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   Eight functionhave 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 . A review of the functioning of UNCTAD
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   In theprocess (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 .
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  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.
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   During thebreak 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.
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  Conclusion Thus UNCTAD organizationacts like a bridge between the developing and developed countries to increase their economy of the country ...
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  By SURAJ Thank you