HPAS/Allied Mains 2022 Answer Writing Challenge Day 232: Model Answer

Question: Discuss the Functions of UNCTAD. Also mention the reports published by UNCTAD. (4 marks/ 60 words)

Answer:

The United Nations Conference on Trade and Development was established in 1964 as a permanent intergovernmental body.

Functions of UNCTAD:

(i) To promote international trade between developed and developing countries with a view to accelerating economic development.

(ii) To formulate principles and policies on international trade and related problems of economic development.

(iii) To make proposals for putting its principles and policies into effect,

(iv) To negotiate trade agreements.

(v) To review and facilitate the coordination of activities of the other U.N. institutions in the field of international trade.

(vi) To function as a centre for a harmonious trade and related documents in the development policies of governments.

UNCTAD produces several topical reports, including:

• The Trade and Development Report
• The World Investment Report=
• The Economic Development in Africa Report
• The Least Developed Countries Report
• The Technology and Innovation Report