Unctad

Notion of Unctad

The meaning of Unctad may be as follows: United Nations Conference on Trade and Development: formed 1964: first Secretary General Raul Prebisch: called for reform of system of international trade based on liberalism and comparative advantage, in order to assist development of poor countries, included calls for a GSP and IPC (see also NIEO)

Unctad in Maritime Law

Note: There is more information on maritime/admiralty law here.

The following is a definition of Unctad, produced by Tetley, in the context of admiralty law: The United Nations Conference on Trade and Development was established on December 30, 1965, by a United Nations General Assembly resolution as a permanent organ of the General Assembly. It is a “policy-making” body with the purpose of promoting international trade especially amongst emerging nations. UNCTAD was instrumental in promoting draft conventions which were then taken over by UNCITRAL for legal drafting and adoption. An example is the Hamburg Rules, 1978 (see this maritime law term in this legal dictionary). UNCTAD has also drafted a number of maritime transport conventions, including the Code of Conduct for Liner Conferences 1974, the Multimodal Convention 1980 (see this maritime law term in this legal dictionary) and the UN Convention on the Registration of Ships 1986. UNCTAD, working in conjunction withIMO (see this maritime law term in this legal dictionary), also helped prepare the Maritime Liens and Mortgages Convention 1993 (see this maritime law term in this legal dictionary) and theArrest Convention 1999 (see this maritime law term in this legal dictionary). Website: https://www.unctad.org/. Email: info [at] unctad [dot] org.

Resources

Legal English Vocabulary: UNCTAD in Spanish

Online translation of the English legal term unctad into Spanish: CNUCED (English to Spanish translation) . More about legal dictionary from english to spanish online.

Related to the Legal Thesaurus

UNCTAD in Global Commerce Policy

In this regard, a definition of this issue is as follows: United Nations Conference on Trade and Development. The entries on trade policy are here. Established in 1964 through United Nations General Assembly resolution (XIX) 1995 to promote a greater participation by developing countries in the global trading system and thereby promote their economic development. The entries on trade policy are here. It now has a membership of 188 countries. The entries on trade policy in the Encyclopedia are here. UNCTAD describes itself as the primary forum for analysis, discussion and consenus-building on policies designed to achieve sustainable development in all regions to accelerate growth in weaker economies. The reasons leading to the formation of UNCTAD were broadly the difficulties developing countries appeared to experience in furthering their economic development, and the absence of any specialized international organization which might have assisted them in this challenge. Pressure for adequate attention to their problems increased as many colonies became independent in the early 1960s. The entries on trade policy are here. In 1961, the Second Committee of ECOSOC asked the United Nations Secretary- General to consult on the possibility of holding a world conference on international trade problems, and in 1962 the United Nations General Assembly decided to hold the conference in Geneva in 1964. This conference became known as UNCTAD I. The entries on trade policy in the Encyclopedia are here. One of its early effects was the formation of the Group of 77 which quickly seized the initiative in formulating the UNCTAD agenda. Many of the issues that would ultimately make up UNCTAD’s work program were discussed at this conference, including commodities trade and arrangements, manufactures, transfer of capital and shipping. Later additions to the work program included debt, insurance, ECDC (economic cooperation between developing countries), restrictive business practices, transfer of technology, and the problems of least developed countries, among others. Despite the contribution UNCTAD has made to the development of developing countries, it has on the whole not been able to achieve the role its proponents expected it to have. The entries on trade policy are here. As early as 1968, J G Crawford noted that the question was whether UNCTAD could free itself sufficiently from the political atmosphere and debating practices of the United Nations General Assembly to get down to the realities of securing action on the many trade issues listed in its charter. The entries on trade policy in the Encyclopedia are here. UNCTAD has been particularly active in the development of the GSP and international commodity arrangements. The secretariat prepares many high-class reports, particularly the World Investment Report, the International Investment Agreement Issues Papers, the Least Developed Countries Report and the Trade Development Report, which do not always attract adequate discussion by the UNCTAD membership. The executive body of UNCTAD is the Trade and Development Board which meets once a year in a regular session. The entries on trade policy in the Encyclopedia are here. UNCTAD’s substantive work is done under the auspices of the Commission on Trade in Goods and Services, and Commodities, the Commission on Investment, Technology and Related Financial Issues and the Commission on Enterprise, Business Facilitation and Development. The entries on trade policy in the Encyclopedia are here. UNCTAD is also the name used for the ministerial conference held every four years under its auspices. The entries on trade policy are here. Apart from UNCTAD I which was held in Geneva, the other conferences were held at New Delhi (UNCTAD II, 1968), Santiago de Chile (UNCTAD III, 1972), Nairobi (UNCTAD IV, 1976), Manila (UNCTAD V, 1979), Belgrade (UNCTAD VI, 1983), Geneva (UNCTAD VII, 1987), Cartagena (UNCTAD VIII, 1992), Midrand (UNCTAD IX, 1996) and Bangkok (UNCTAD X, 2000). See also ASYCUDA, Common Fund for Commodities, GSP, Integrated Programme for Commodities and Trade Efficiency Programme.[1]

UNCTADin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “UNCTAD” entry (OAS)

See Also

Resources

See Also

• International Organization
• Foreign Relations
• Organization
• United Nations
• United Nations System