United Nations Conference
on Trade and Development (UNCTAD)
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The United Nations Conference on Trade and Development (UNCTAD) aims to ensure that developing countries benefit more fairly from globalization. Established in 1964, UNCTAD provides analysis and technical assistance to help nations address challenges in international trade. Its core mission is to support countries in integrating effectively into the global trading system, diversifying economies beyond commodities, and attracting development-friendly investment, specifically focusing on people who have not yet gained from globalization.
. UNCTAD’s unique role is to drive sustainable, inclusive economic growth in developing countries. It collaborates with four major organizations—the World Bank, IMF, WTO, and UNDP—to advance the 'Financing for Development' agenda, which is closely linked to the Sustainable Development Goals. Through their efforts on fair competition, debt, South-South cooperation, and trade agreements, UNCTAD strengthens the capacity of developing countries to achieve equitable participation and sustainable development through trade, investment, finance, and technology. |
Agenda
1. Developing measures for Less Economically Developed Countries (LEDCs) to alleviate trade imbalance in the global market.
2. Establishing Information and Communication Technology (ICT) infrastructure for developing nations to enhance the inclusiveness of the global digital economy.
2. Establishing Information and Communication Technology (ICT) infrastructure for developing nations to enhance the inclusiveness of the global digital economy.