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UNCTAD Full Form: Work, Objective, Reports etc.

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UNCTAD Full Form: The United Nations Conference on Trade and Development promotes economic cooperation and integration among its member states. Today we will talk about UNCTAD, its History and its full form and will give complete information about its functions. Here you will have the complete details on UNCTAD. The United Nations General Assembly (UNGA) established it in 1964 and reports to that body and the United Nations Economic and Social Council (ECOSOC). UNCTAD has 195 member countries and collaborates with nongovernmental organisations worldwide; its permanent secretariat is in Geneva, Switzerland.

Page Index
1 UNCTAD Overview
2 What is UNCTAD
3 UNCTAD Objectives
4 Functions and Activities of UNCTAD
5 UNCTAD Reports
6 List of Secretaries General and Officers-in-Charge
7 Frequently Asked Questions (FAQs)

UNCTAD Overview

Today UNCTAD is functioning in more than 195 countries and dealing with trade, investment, and development issues.

UNCTADUnited Nations Conference on Trade and Development (UNCTAD)
HeadquartersGeneva, Switzerland
Formation30 December 1964
Secretary-GeneralRebeca Grynspan
Parent OrganizationUnited Nations General Assembly, United Nations Secretariat
Member195 countries

What is UNCTAD

The United Nations Conference on Trade and Development (UNCTAD) is a United Nations body responsible for dealing with development issues, particularly international trade. Its work focuses on the following key areas: Least Developed Countries and Special Programmes; Globalization, interdependence and development; international trade and commodities; investment and enterprise; and technology and logistics. This work often results in analysis and recommendations that can inform national and international policy-making processes and promote economic policies to end global economic inequalities and generate people-centred sustainable development.

UNCTAD Objectives

Framing policies in various domains such as trade, technology, finance, aid, and transport is the most important priority of UNCTAD. Geneva is the permanent secretariat of UNCTAD, and the conference ordinarily meets once in four years. Working at the national, regional, and global levels, our efforts help countries to:

  • Comprehend options to address macro-level development challenges
  • Achieve beneficial integration into the international trading system
  • Diversify economies to make them less dependent on commodities
  • Limit their exposure to financial volatility and debt
  • Attract investment and make it more development-friendly
  • Increase access to digital technologies
  • Promote entrepreneurship and innovation
  • Help local firms move up value chains
  • Speed up the flow of goods across borders
  • Protect consumers from abuse
  • Curb regulations that stifle competition
  • Adapt to climate change and use natural resources more effectively

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Functions and Activities of UNCTAD

The Main Functions of the UNCTAD are:

  • To promote international trade between developed and developing countries to accelerate economic development.
  • To formulate principles and policies on international trade and related economic development problems.
  • To make proposals for putting its principles and policies into effect,
  • To negotiate trade agreements.
  • To review and facilitate the coordination of activities of the other U.N. institutions in the field of international trade.
  • To function as a centre for harmonious trade and related documents in the development policies of governments.

UNCTAD Reports

UNCTAD produces several topical reports, including:

The Trade and Development ReportThe Trade and Environment Review
The World Investment ReportThe Economic Development in Africa Report
The Least Developed Countries ReportUNCTAD Statistics
Digital Economy Report (formerly known as the Information Economy Report)The Review of Maritime Transport
The International Accounting and Reporting Issues Annual ReviewThe Technology and Innovation Report

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List of Secretaries General and Officers-in-Charge

Secretary-GeneralDates in officeCountry of origin
Raúl Prebisch1963–1969Argentina
Manuel Pérez-Guerrero1969–1974Venezuela
Gamani Corea1974–1984Sri Lanka
Alister McIntyre1985Grenada
Kenneth K.S. Dadzie1986–1994Ghana
Carlos Fortin1994–1995Chile
Rubens Ricupero1995–2004Brazil
Carlos Fortin2004–2005Chile
Supachai Panitchpakdi1 September 2005 – 30 August 2013Thailand
Mukhisa Kituyi1 September 2013 – 15 February 2021Kenya
Isabelle Durant15 February 2021 – 11 June 2021Belgium
Rebeca GrynspanSince 11 June 2021Costa Rica

Read also:

UNICEF Full FormWHO Full Form
UNESCO Full FormIMO Full Form

Frequently Asked Questions (FAQs)

Q. What is the Full form of UNCTAD?

Ans. United Nations Conference on Trade and Development (UNCTAD).

Q. How many countries are in the United Nations Conference on Trade and Development?

Ans. There are 195 countries in the UNCTAD.

Q. Who is the head of the UNCTAD?

Ans. Rebeca Grynspan is the Secretary-General of the United Nations Conference on Trade and Development.

Q. When is UNCTAD Formed?

Ans. UNCTAD is formed in 1964.

Q. Is India a member of UNCTAD?

Ans. Yes, India is a member of UNCTAD.

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