United Nations Conference on Trade and Development (UNCTAD)

Feb. 26, 2024

UNCTAD recently raised an alarm over escalating disruptions in shipping routes for global trade in a new report.

About the United Nations Conference on Trade and Development (UNCTAD):

  • It is the UN’s leading institution dealing with trade and development.
  • It is a permanent intergovernmental body established by the United Nations General Assembly in 1964. 
  • Its objective is to assist developing countries, especially the least developed countries, and countries with economies in transition, to integrate beneficially into the global economy.
  • It also seeks to help the international community promote a global partnership for development, increase coherence in global economic policy-making, and assure development gains for all from trade.
  • It provides economic and trade analysis, facilitates consensus-building, and offers technical assistance to help developing countries use trade, investment, finance, and technology for inclusive and sustainable development.
  • Headquarters: Geneva, Switzerland.
  • UNCTAD membership consists of 195 states.
  • Its activities are advisory by nature.
  • Reports published by UNCTAD:
    • Trade and Development Report
    • World Investment Report
    • The Least Developed Countries Report