An intergovernmental body established in 1964 within the United Nations, responsible for trade and development. Historically it has often been the international voice of developing countries.
Seeks to negotiate international trade agreements to stabilize commodity prices and promote third world development.
UNCTAD was established in 1964 with the goal of promoting sustainable development while integrating developing countries into the world economy. It works to acheive this goal by acting as a forum for intergovernmental deliberations with an aim at consensus building; conducting research, policy analysis, and date collection; and by providing technical assistance tailored to the specific needs of different developing countries.
Abbreviation: UNCTAD A United Nations agency whose work in Shipping includes the liner code involving the sharing of cargoes between the Shipping lines of the importing and exporting countries and third countries in the ratio 40:40:20.
A part of the UN General Assembly which promotes international trade and seeks to increase trade between developing countries and countries with different social and economic systems.
An agency by the United Nations. One of its tasks is to make sure the cargo sharing ratio of 40:40:20, the so-called liner code, between shipping lines of the importing, exporting and third countries is adhered to.
The United Nations Conference on Trade and Development (UNCTAD) was established in 1963 as a permanent intergovernmental body, UNCTAD is the principal organ of the United Nations General Assembly dealing with trade, investment and development issues.