United Nations Conference on Trade and Development
Permanent intergovernmental body
United Nations Conference on Trade and Development
United Nations Conference on Trade and Development (UNCTAD), abbreviated as UN Trade and Development, is an intergovernmental organization within the United Nations Secretariat which promotes the interests of developing countries in the governance of international trade, financial flows and technology transfer. Its permanent secretariat is located at the United Nations Office at Geneva in Geneva, Switzerland. It was established in 1964 by the United Nations General Assembly (UNGA) as the United Nations Conference on Trade and Development It reports to both the General Assembly and the United Nations Economic and Social Council (ECOSOC). UNCTAD is composed of 195 member states and works with non-governmental organizations worldwide. 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...
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