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The United Nations Conference on Trade and Development (UNCTAD) is an
intergovernmental organization Globalization is social change Social change is the alteration of the social order of a society which may include changes in social institutions, social behaviours or social relations. Definition Social change may not refer to the not ...
within the United Nations Secretariat that promotes the interests of
developing countries A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreem ...
in world trade. It was established in 1964 by the
United Nations General Assembly The United Nations General Assembly (UNGA or GA; french: link=no, Assemblée générale, AG) is one of the six principal organs of the United Nations (UN), serving as the main deliberative, policymaking, and representative organ of the UN. Curr ...
(UNGA) and reports to that body and the United Nations Economic and Social Council (ECOSOC). UNCTAD is composed of 195 member states and works with nongovernmental organizations worldwide; its permanent secretariat is in Geneva, Switzerland. The primary objective of UNCTAD is to formulate policies relating to all aspects of development, including trade, aid, transport, finance and technology. It was created in response to concerns among developing countries that existing international institutions like GATT (now replaced by the
World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and ...
), the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
(IMF), and the
World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...
were not properly organized to handle the particular problems of developing countries; UNCTAD would provide a forum where developing nations could discuss and address problems relating to their economic development. One of UNCTAD's principal achievements was conceiving and implementing the
Generalized System of Preferences The Generalized System of Preferences, or GSP, is a preferential tariff system which provides tariff reduction on various products. The concept of GSP is very different from the concept of " most favored nation" (MFN). MFN status provides equal tre ...
(GSP), which promotes the export of manufactured goods from developing countries. In the 1970s and 1980s, UNCTAD was closely associated with the
New International Economic Order The New International Economic Order (NIEO) is a set of proposals advocated by developing countries to end economic colonialism and dependency through a new interdependent economy. The main NIEO document recognized that the current international e ...
(NIEO), a set of proposals that sought to reduce economic dependency and inequality between developing and developed countries. UNCTAD conferences ordinarily take place every four years, with the first occurring in
Geneva Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situa ...
in 1964; fifteen subsequent meetings have taken place worldwide, with the most recent held in
Bridgetown Bridgetown ( UN/LOCODE: BB BGI) is the capital and largest city of Barbados. Formerly The Town of Saint Michael, the Greater Bridgetown area is located within the parish of Saint Michael. Bridgetown is sometimes locally referred to as "The ...
,
Barbados Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of the Americas, and the most easterly of the Caribbean Islands. It occupies an area of and has a population of about 287,000 (2019 estima ...
from 3–8 October 2021 (albeit virtually, due to the
COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...
). UNCTAD has 400 staff members and a biannual (2010–2011) regular budget of $138 million in core expenditures and $72 million in extra-budgetary technical assistance funds. It is a member of the
United Nations Development Group The United Nations Sustainable Development Group (UNSDG), previously the United Nations Development Group (UNDG), is a consortium of 36 United Nations funds, programs, specialized agencies, departments and offices that play a role in development ...
, a consortium of UN entities that work to promote sustainable socioeconomic development.


Membership

As of May 2018, UNCTAD has 195 member states: all UN members plus UN observer states Palestine and the
Holy See The Holy See ( lat, Sancta Sedes, ; it, Santa Sede ), also called the See of Rome, Petrine See or Apostolic See, is the jurisdiction of the Pope in his role as the bishop of Rome. It includes the apostolic episcopal see of the Diocese of R ...
. UNCTAD members are divided into four categories based on United Nations Regional Groups, with six members unassigned: Kiribati, Nauru, South Sudan, Tajikistan, Tuvalu. List A consists mostly of countries in the African and Asia- Pacific Groups of the UN. List B consists of countries of the Western European and Others Group. List C consists of countries of the Group of Latin American and Caribbean States (GRULAC). List D consists of countries of the Eastern European Group. The lists, originally defined in 19th General Assembly resolution 1995 serve to balance geographical distribution of member states' representation on the Trade Development Board and other UNCTAD structures. The lists are similar to those of UNIDO, an UN specialized agency. The most recent member is Palestine The full lists are as follows: :List A (99 members): Afghanistan, Algeria, Angola, Bahrain, Bangladesh, Benin, Bhutan, Bosnia and Herzegovina, Botswana, Brunei Darussalam, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, China, Comoros, Côte d'Ivoire, Republic of Congo, Democratic Republic of Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Fiji, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, India, Indonesia, Iran, Iraq, Israel, Jordan, Kenya, Kuwait, Laos, Lebanon, Lesotho, Liberia, Libya, Madagascar, Malawi, Malaysia, Maldives, Mali, Marshall Islands, Mauritania, Mauritius, Micronesia, Mongolia, Morocco, Mozambique, Myanmar, Namibia, Nepal, Niger, Nigeria, North Korea, Oman, Pakistan, Palestine, Palau, Papua New Guinea, Philippines, Qatar, Rwanda, Samoa, Sao Tome and Principe, Saudi Arabia, Senegal, Seychelles, Sierra Leone, Singapore, Solomon Islands, Somalia, South Africa, Sri Lanka, Sudan, Syria, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Tunisia, Turkmenistan, Uganda, United Arab Emirates, Vanuatu, Viet Nam, Yemen, Zambia, Zimbabwe. :List B (32 members): Andorra, Australia, Austria, Belgium, Canada, Cyprus, Denmark, Finland, France, Germany, Greece, Holy See, Iceland, Ireland, Italy, Japan, Liechtenstein, Luxembourg, Malta, Monaco, Netherlands, New Zealand, Norway, Portugal, San Marino, South Korea, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States. :List C (33 members): Antigua and Barbuda, Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Uruguay, Venezuela. :List D (24 members): Albania, Armenia, Azerbaijan, Belarus, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Montenegro, Poland, Moldova, Romania, Russia, Serbia, Slovakia, Slovenia, Macedonia, Ukraine, Uzbekistan. :Not assigned countries (6 members): Kiribati, Nauru, South Sudan, Tajikistan, Tuvalu. Other states that do not participate are
Cook Islands ) , image_map = Cook Islands on the globe (small islands magnified) (Polynesia centered).svg , capital = Avarua , coordinates = , largest_city = Avarua , official_languages = , lan ...
,
Niue Niue (, ; niu, Niuē) is an island country in the South Pacific Ocean, northeast of New Zealand. Niue's land area is about and its population, predominantly Polynesian, was about 1,600 in 2016. Niue is located in a triangle between T ...
, and the states with limited recognition.


Meetings

The inter-governmental work is done at five levels of meetings: * The UNCTAD Conference – held every four years: * The UNCTAD Trade and Development Board – the board manages the work of UNCTAD between two conferences and meets up to three times every year; * Four UNCTAD Commissions and one Working Party – these meet more often than the board to take up policy, programme and budgetary issues; * Expert Meetings – the commissions will convene expert meetings on selected topics to provide substantive and expert input for Commission policy discussions. The 15th quadrennial meeting is scheduled to take place in
Bridgetown, Barbados Bridgetown (UN/LOCODE: BB BGI) is the capital and largest city of Barbados. Formerly The Town of Saint Michael, the Greater Bridgetown area is located within the parish of Saint Michael. Bridgetown is sometimes locally referred to as "The Ci ...
, from 25 to 30 April 2021.


Geneva, 1964

In response to developing country ( Least Developed Country, LDC) anxiety at their worsening position in world trade, the
United Nations General Assembly The United Nations General Assembly (UNGA or GA; french: link=no, Assemblée générale, AG) is one of the six principal organs of the United Nations (UN), serving as the main deliberative, policymaking, and representative organ of the UN. Curr ...
voted for a 'one off' conference. These early discussions paved the way for new IMF facilities to provide finance for shortfalls in commodity earnings and for the Generalised Preference Schemes which increased access to Northern markets for manufactured imports from the South. At
Geneva Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situa ...
, the LDCs were successful in their proposal for the conference with its secretariat to become a permanent organ of the UN, with meetings every four years. At the Geneva meeting, Raul Prebisch—a prominent Argentinian economist from the United Nations Economic Commission on Latin America and the Caribbean (ECLA)—became the organization's first secretary-general.


New Delhi, 1968

The New Delhi Conference, held in February and March 1968, was a forum that allowed developing countries to reach agreement on basic principles of their development policies. The conference in New Delhi was an opportunity for schemes to be finally approved. The conference provided a major impetus in persuading the North to follow up UNCTAD I resolutions, in establishing generalised preferences. The target for private and official flows to LDCs was raised to 1% of the North's GNP, but the developed countries failed to commit themselves to achieving the target by a specific date. This has proven a continuing point of debate at UNCTAD conferences. The conference led to the
International Sugar Agreement The International Sugar Agreements and similarly named agreements were a series of International treaties that attempted to establish an "orderly relationship between the supply and demand for sugar in the world market." They eventually establish ...
, which seeks to stabilize world sugar prices.


Santiago, 1972

The Santiago Conference, 15 April 1972, was the third occasion on which the developing countries have confronted the rich with the need to use trade and aid measures more effectively to improve living standards in the developing world. Discussion centred on the international monetary system and specifically on the South's proposal that a higher proportion of new special drawing rights (SDRs) should be allocated to LDCs as a form of aid (the so-called 'link'). In
Santiago Santiago (, ; ), also known as Santiago de Chile, is the capital and largest city of Chile as well as one of the largest cities in the Americas. It is the center of Chile's most densely populated region, the Santiago Metropolitan Region, whos ...
, substantial disagreements arose within the Group of 77 (G77) despite preconference meetings. There was disagreement over the SDR proposal and between those in the G77 who wanted fundamental changes such as a change in the voting allocations in the South's favour at the IMF and those (mainly the Latin American countries) who wanted much milder reforms. This internal dissent seriously weakened the group's negotiating position and led to a final agreed motion which recommended that the IMF should examine the link and that further research be conducted into general reforms. This avoided firm commitments to act on the 'link' or general reform, and the motion was passed by conference.


Nairobi, 1976 and Manila, 1979

UNCTAD IV, held in
Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ...
May 1976, showed relative success compared to its predecessors. An Overseas Development Institute briefing paper of April 1979 highlights one reason for success as being down to the 1973 Oil Crisis and the encouragement of LDCs to make gains through producers of other commodities. The principal result of the conference was the adoption of the Integrated Programme for Commodities. The programme covered the principal commodity exports and its objectives aside from the stabilisation of commodity prices were: "Just and remunerative pricing, taking into account world inflation", the expansion of processing, distribution and control of technology by LDCs and improved access to markets. UNCTAD V in the wake of the Nairobi Conference, held in
Manila Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populated ...
1979 focused on the key issues of: protectionism in developing countries and the need for structural change, trade in commodities and manufactures aid and international monetary reform, technology, shipping, and economic co-operation among developing countries. An Overseas Development Institute briefing paper written in 1979 focuses its attention on the key issues regarding the LDCs' role as the Group of 77 in the international community.


Belgrade, 1983

The sixth UN conference on trade and development in
Belgrade Belgrade ( , ;, ; names in other languages) is the capital and largest city in Serbia. It is located at the confluence of the Sava and Danube rivers and the crossroads of the Pannonian Plain and the Balkan Peninsula. Nearly 1,166,763 mi ...
, 6–30 June 1983 was held against the background of earlier UNCTADs which have substantially failed to resolve many of the disagreements between the developed and developing countries and of a world economy in its worst recession since the early 1930s. The key issues of the time were finance and adjustment, commodity price stabilisation and trade.


Bridgetown, Barbados 2021

The fifteenth session of UNCTAD was originally scheduled in 2020 but was delayed until 2021 due to
COVID-19 Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was identified in Wuhan, China, in December 2019. The disease quick ...
. This is the first time that the UNCTAD is held in a small island developing state (SIDS).


Achievements

One of UNCTAD's earliest and most notable accomplishments was the formulation and implementation of GSP, which offered special tariff concessions to exports of manufactured goods by developing countries. Accepting this argument, the developed countries formulated the GSP scheme under which manufacturers' exports and import of some agricultural goods from the developing countries enter duty-free or at reduced rates in the developed countries. Since imports of such items from other developed countries are subject to the normal rates of duties, imports of the same items from developing countries would enjoy a competitive advantage.


Reports

UNCTAD produces a number of topical reports, including: * The Trade and Development Report * The Trade and Environment Review * The World Investment Report * The Economic Development in Africa Report * The Least Developed Countries Report * UNCTAD Statistics * Digital Economy Report (formerly known as the ''Information Economy Report)'' * The Review of Maritime Transport * The International Accounting and Reporting Issues Annual Review * The Technology and Innovation Report


Other

UNCTAD conducts technical cooperation programmes such as ASYCUDA, DMFAS, EMPRETEC and
WAIPA Waipa may refer to: New Zealand * Waipa (New Zealand electorate), a former electorate * Waipa District, a territorial local authority * Waipā River, a waterway Elsewhere * World Association of Investment Promotion Agencies The World Associati ...
. In addition, UNCTAD conducts certain technical cooperation in collaboration with the
World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and ...
through the joint International Trade Centre (ITC), a technical cooperation agency targeting operational and enterprise-oriented aspects of trade development. UNCTAD hosts the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR).


Partnership initiatives

UNCTAD is a founding member of the United Nations Sustainable Stock Exchanges (SSE) initiative along with the Principles for Responsible Investment, the United Nations Environment Programme Finance Initiative (UNEP-FI), and the UN Global Compact.


List of Secretaries-General and Officers-in-Charge


See also

* Foreign direct investment * Global System of Trade Preferences among Developing Countries (GSTP) *
International trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significa ...
* List of countries by received FDI * United Nations Guidelines for Consumer Protection *
World Development Information Day In 1972, the United Nations General Assembly decided to institute a World Development Information Day coinciding with United Nations Day on October 24. The General Assembly had the object of drawing the attention of world public opinion each year ...


References


Notes


Further reading

* worked with UNCTAD and offers testimony from th
inside


External links


United Nations Conference on Trade and Development

UNCTAD member states

Research Guide about UNCTAD (UN Library at Geneva)

International Trade Centre


{{Authority control United Nations Development Group United Nations General Assembly subsidiary organs International development organizations International trade organizations International factor movements United Nations conferences Diplomatic conferences in Switzerland 21st-century diplomatic conferences 20th-century diplomatic conferences Organizations established in 1964 United Nations organizations based in Geneva