- The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 as a permanent intergovernmental body.
- UNCTAD is the principal organ of the United Nations General Assembly dealing with trade, investment, and development issues.
- The organization’s goals are to: “maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis.”
- The primary objective of 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 permanent secretariat is in Geneva, Switzerland.