Un Trade Agreements

Un Trade Agreements

The sixth UN Conference on Trade and Development was held in Belgrade from 6 to 30 June 1983 in the context of the UNCLOS, which largely failed to resolve differences of opinion between developed and developing countries and the world economy in their worst recession since the early 1930s. The main themes of the time were finance and adjustment, stabilizing commodity prices and trade. [13] UNCTAD is the part of the UN secretariat responsible for trade, investment and development issues. The organization`s goal is to “maximize the trade, investment and development opportunities of developing countries and help them in their efforts to integrate into the global economy on a fair basis.” Established in 1964 by the United Nations General Assembly, UNCTAD reports to the UN General Assembly and the United Nations Economic and Social Council. [1] The ITC is the joint cooperation agency of UNCTAD and the WTO for trade aspects of trade development. Originally established in 1964 by the General Agreement on Tariffs and Trade (GATT), the ITC has been operating since 1968 under the aegis of the GATT/WTO and before J.C., the latter speaking through the United Nations Conference on Trade and Development (UNCTAD). It is the central body of the UN system for technical cooperation with developing countries and economies in transition in trade promotion and export. In addition, UNCTAD conducts some technical cooperation, in cooperation with the World Trade Organization, through the Joint Centre for International Trade (CITI), a technical cooperation agency focused on operational aspects and geared towards business development. UNCTAD V, following the 1979 Nairobi conference in Manila, focused on key issues: protectionism in developing countries and the need for structural change, trade in raw materials and the production of aid and international monetary reform, technology, navigation and economic cooperation between developing countries. A briefing paper by the Overseas Development Institute, written in 1979, focuses on key issues related to the role of LDCs as a group of 77 in the international community. [19] UNCTAD`s priority is to formulate policies in all areas of development, including trade, aid, transport, finance and technology. The conference usually meets once every four years; The permanent secretariat is located in Geneva. The Santiago Conference on 15 April 1972 was the third time that developing countries had confronted rich countries with the need to use trade and aid more effectively to improve living standards in developing countries.

The debate centred on the international monetary system and, in particular, on the South`s proposal to allocate a greater share of new special drawing rights (SDRs) to LDCs as a form of aid (called a “link”). In Santiago, despite the pre-conference meetings, significant differences of opinion emerged within the Group of 77 (G77). There were differences of opinion on the SDR proposal and between those in the G77 who wanted fundamental changes, such as a change in the IMF`s voting allocations for the South, and those (mainly Latin American countries) who wanted much more lenient reforms.


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