United Nations Conference on Trade and Development
Encyclopedia
The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 as a permanent intergovernmental body. It is the principal organ of the United Nations General Assembly
United Nations General Assembly
For two articles dealing with membership in the General Assembly, see:* General Assembly members* General Assembly observersThe United Nations General Assembly is one of the five principal organs of the United Nations and the only one in which all member nations have equal representation...

 dealing with trade, investment, and development issues.

The organization's goals are to "maximize the trade
International trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product...

, investment
Foreign direct investment
Foreign direct investment or foreign investment refers to the net inflows of investment to acquire a lasting management interest in an enterprise operating in an economy other than that of the investor.. It is the sum of equity capital,other long-term capital, and short-term capital as shown in...

 and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis." (from official website). 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.

In the 1970s and 1980s, UNCTAD was closely associated with the idea of a New International Economic Order
New International Economic Order
The New International Economic Order was a set of proposals put forward during the 1970s by some developing countries through the United Nations Conference on Trade and Development to promote their interests by improving their terms of trade, increasing development assistance, developed-country...

 (NIEO).

The United Nations Conference on Trade and Development was established in 1964 in order to provide a forum where the developing countries could discuss the problems relating to their economic development. UNCTAD grew from the view that existing institutions like GATT (now replaced by the World Trade Organization
World Trade Organization
The World Trade Organization is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade , which commenced in 1948...

, WTO), the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

 (IMF), and World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

 were not properly organized to handle the particular problems of developing countries. UNCTAD has 193 members.

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, fourth in Nairobi in 1976, the fifth in Manila in 1979, the sixth in
Belgrade in 1983, the seventh in Geneva in 1987, the eighth in Cartagena in 1992 and the ninth at Johannesburg (South Africa)in 1996. 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). It was argued in UNCTAD, that in order to promote exports of manufactured goods from developing countries, it would be necessary to offer special tariff concessions to such exports. Accepting this argument, the developed countries formulated the GSP Scheme under which manufacturers' exports and 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.

Currently, UNCTAD has 193 member States and is headquartered in Geneva
Geneva
Geneva In the national languages of Switzerland the city is known as Genf , Ginevra and Genevra is the second-most-populous city in Switzerland and is the most populous city of Romandie, the French-speaking part of Switzerland...

, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

. UNCTAD has 400 staff members and an annual regular budget of approximately US$50 million and US$25 million of extra budgetary technical assistance funds. It is also a member of the United Nations Development Group.

Meetings

The inter-governmental work is done at 5 levels of meetings:
  • The UNCTAD Conference – held every 4 years;
    • UNCTAD XIII will be held in Doha
      Doha
      Doha is the capital city of the state of Qatar. Located on the Persian Gulf, it had a population of 998,651 in 2008, and is also one of the municipalities of Qatar...

      , Qatar
      Qatar
      Qatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...

       in 2012
    • UNCTAD XII was held in Accra
      Accra
      Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

      , Ghana
      Ghana
      Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...

       in 21–25 April 2008 http://www.unctadxii.org/
    • UNCTAD XI was held in São Paulo
      São Paulo
      São Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...

      , Brazil
      Brazil
      Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...

       in 13–18 June 2004 http://www.unctadxi.org/
    • UNCTAD X was held in Bangkok
      Bangkok
      Bangkok is the capital and largest urban area city in Thailand. It is known in Thai as Krung Thep Maha Nakhon or simply Krung Thep , meaning "city of angels." The full name of Bangkok is Krung Thep Mahanakhon Amon Rattanakosin Mahintharayutthaya Mahadilok Phop Noppharat Ratchathani Burirom...

      , Thailand
      Thailand
      Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

       in 12–19 February 2000 http://www.unctad-10.org/
    • UNCTAD IX was held in Midrand
      Midrand, Gauteng
      Midrand is an area in central Gauteng Province, South Africa, between Centurion and Sandton. It was established as a municipality in 1981, but was incorporated the City of Johannesburg Metropolitan Municipality in 2000...

      , South Africa
      South Africa
      The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...

       in 27 April – 11 May 1996
    • UNCTAD VIII was held in Cartagena
      Cartagena, Colombia
      Cartagena de Indias , is a large Caribbean beach resort city on the northern coast of Colombia in the Caribbean Coast Region and capital of Bolívar Department...

      , Colombia
      Colombia
      Colombia, officially the Republic of Colombia , is a unitary constitutional republic comprising thirty-two departments. The country is located in northwestern South America, bordered to the east by Venezuela and Brazil; to the south by Ecuador and Peru; to the north by the Caribbean Sea; to the...

       in 8–25 February 1992

  • The UNCTAD Trade and Development Board – the Board manages the work of UNCTAD in 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 in order to take up policy, programme and budgetary issues;
  • Expert Meetings – the Commissions will convene expert meetings on selected topics in order to provide substantive and expert input for Commission policy discussions.

Geneva, 1964

In response to developing country (Least Developed Country, LDC) anxiety at their worsening position in world trade, the United Nations General Assembly
United Nations General Assembly
For two articles dealing with membership in the General Assembly, see:* General Assembly members* General Assembly observersThe United Nations General Assembly is one of the five principal organs of the United Nations and the only one in which all member nations have equal representation...

 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
Geneva In the national languages of Switzerland the city is known as Genf , Ginevra and Genevra is the second-most-populous city in Switzerland and is the most populous city of Romandie, the French-speaking part of Switzerland...

, the Idcs were successful in their proposal for the conference with its Secretariat to become a permanent organ of the UN, with meetings every four years.

New Delhi, 1968

The New Delhi
New Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...

 Conference, held in February and March 1968, was a forum that allowed developing countries to reach agreement on basic principles of their development policies. While the first conference was held in Geneva
Geneva
Geneva In the national languages of Switzerland the city is known as Genf , Ginevra and Genevra is the second-most-populous city in Switzerland and is the most populous city of Romandie, the French-speaking part of Switzerland...

 in 1964, the second conference in New Delhi
New Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...

 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
GNP
Gross National Product is the market value of all products and services produced in one year by labor and property supplied by the residents of a country...

, 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 also led to the International Sugar Agreement, which seeks to stabilise world sugar prices.

Santiago, 1972

The Santiago
Santiago
Santiago is the capital city of Chile. Santiago may also refer to:*Santiago *Santiago , a Spanish given name*Santiago!, a shortened form of the Reconquista battle cry "Santiago y cierra, España"...

 Conference, April 15, 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 socalled 'link'). In Santiago
Santiago
Santiago is the capital city of Chile. Santiago may also refer to:*Santiago *Santiago , a Spanish given name*Santiago!, a shortened form of the Reconquista battle cry "Santiago y cierra, España"...

, substantial disagreements arose within the Group of 77
Group of 77
The Group of 77 at the United Nations is a loose coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization, but the organization has...

 (G77) despite preconference meetings. There was disagreement both over the SDR proposal and between those within 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
Nairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...

 May 1976, showed relative success compared to its predecessors. An Overseas Development Institute
Overseas Development Institute
The Overseas Development Institute is one of the leading independent think tanks on international development and humanitarian issues. Based in London, its mission is "to inspire and inform policy and practice which lead to the reduction of poverty, the alleviation of suffering and the achievement...

 briefing paper of April 1979 highlights one reason for success as being down to the 1973 Oil Crisis
1973 oil crisis
The 1973 oil crisis started in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC proclaimed an oil embargo. This was "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war. It lasted until March 1974. With the...

 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
Nairobi
Nairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...

 Conference, held in Manila
Manila
Manila is the capital of the Philippines. It is one of the sixteen cities forming Metro Manila.Manila is located on the eastern shores of Manila Bay and is bordered by Navotas and Caloocan to the north, Quezon City to the northeast, San Juan and Mandaluyong to the east, Makati on the southeast,...

 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
Group of 77
The Group of 77 at the United Nations is a loose coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization, but the organization has...

 in the international community.

Belgrade, 1983

The sixth UN conference on trade and development in Belgrade
Belgrade
Belgrade is the capital and largest city of Serbia. It is located at the confluence of the Sava and Danube rivers, where the Pannonian Plain meets the Balkans. According to official results of Census 2011, the city has a population of 1,639,121. It is one of the 15 largest cities in Europe...

, 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.

Reports

UNCTAD produces a number of topical reports, including:

Other

UNCTAD also conducts various technical cooperation programmes http://www.unctad.org/tc such as ASYCUDA
ASYCUDA
The Automated System for Customs Data is a computerized system designed by the United Nations Conference on Trade and Development to administer a country's customs. In 2004 there were more than 50 operational project with expenditures exceeding US$7 million...

, DMFAS
DMFAS
The DMFAS Programme is a United Nations programme managed by the United Nations Conference on Trade and Development , in Geneva. The objectives of the DMFAS Programme are to assist countries develop administrative, institutional and legal structures for effective debt management; to provide...

, EMPRETEC
EMPRETEC
Empretec is a United Nations programme established by the United Nations Conference on Trade and Development to promote the creation of sustainable small- and medium-sized enterprises...

 and WAIPA
WAIPA
The World Association of Investment Promotion Agencies is an international Non-governmental organization hosted by the United Nations Conference on Trade and Development that acts as a forum for investment promotion agencies, provides networking and promotes best practice in investment promotion....

.

In addition, UNCTAD conducts certain technical cooperation in collaboration with the World Trade Organization
World Trade Organization
The World Trade Organization is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade , which commenced in 1948...

 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) http://www.unctad.org/isar

Complete list of Secretaries-General and Officers-in-Charge

#PhotoSecretary-GeneralDates in officeCountry of originRemarksReferences
1 Dr. Raúl Prebisch
Raúl Prebisch
Raúl Prebisch was an Argentine economist known for his contribution to structuralist economics, in particular the Singer–Prebisch thesis that formed the basis of economic dependency theory. He is sometimes considered to be a neo-Marxist though this label is misleading...

1963–1969 Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

2 Mr. Manuel Pérez-Guerrero 1969–1974 Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...

3 Dr. Gamani Corea
Gamani Corea
Deshamanya Gamani Corea is a Sri Lankan economist, civil servant and diplomat. He was the former Secretary-General of the United Nations Conference on Trade and Development and Under-Secretary-General of the United Nations from 1974 to 1984, Ceylon's Ambassador to the EEC, Belgium, Luxembourg and...

1974–1984 Sri Lanka
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...

4 Mr. Alister McIntyre 1985 Grenada
Grenada
Grenada is an island country and Commonwealth Realm consisting of the island of Grenada and six smaller islands at the southern end of the Grenadines in the southeastern Caribbean Sea...

Officer-in-Charge
5 Mr. Kenneth K.S. Dadzie 1986–1994 Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...

6 Mr. Carlos Fortin 1994–1995 Chile
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...

Officer-in-Charge
7 Mr. Rubens Ricupero
Rubens Ricupero
Rubens Ricupero is a Brazilian academic, economist, bureaucrat and diplomat. He served as the fifth Secretary General of the United Nations Conference on Trade and Development from September 1995 to September 2004.-Education:...

1995–2004 Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...

8 Mr. Carlos Fortin 2004–2005 Chile
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...

Officer-in-Charge
9 Dr. Supachai Panitchpakdi
Supachai Panitchpakdi
Supachai Panitchpakdi is the Secretary-General of the UN Conference on Trade and Development . Prior to this, he was the Director-General of the World Trade Organization from September 1, 2002 to September 1, 2005...

1 September 2005 – present Thailand
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

http://www.unctad.org/Templates/Page.asp?intItemID=3548&lang=1

See also

  • International trade
    International trade
    International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product...

  • Foreign direct investment
    Foreign direct investment
    Foreign direct investment or foreign investment refers to the net inflows of investment to acquire a lasting management interest in an enterprise operating in an economy other than that of the investor.. It is the sum of equity capital,other long-term capital, and short-term capital as shown in...

  • List of countries by received FDI
  • Global System of Trade Preferences among Developing Countries
    Global System of Trade Preferences among Developing Countries
    The Global System of Trade Preferences among Developing Countries is a preferential trade agreement signed on 13 April 1988 with the aim of increasing trade between developing countries in the framework of the United Nations Conference on Trade and Development...

    (GSTP)

External links

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