- UNCTAD was established in 1964 as the principal organ of the United Nations General Assembly to deal with trade, investment, and development issues. It has 194 member states and is headquartered in Geneva, Switzerland.
- In the early 1960s, concerns about the place of developing countries in international trade led to calls for a UN conference, and the first UNCTAD conference was held in 1964 to address these issues.
- UNCTAD's primary objectives are to formulate policies relating to all aspects of development including trade, aid, transport, finance and technology. It ordinarily meets every four years.